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Because money isn't just for sustenance and shelter - it's also a way to buy power, freedom, and autonomy. As the shares become more uneven, people's ability to
by dangerlibrary 9y ago
Because money isn't just for sustenance and shelter - it's also a way to buy power, freedom, and autonomy. As the shares become more uneven, people's ability to act to better their own circumstances without a handout from the ultra-rich (or without the permission of the ultra rich) is curtailed.
Look at businesses being dominated by companies that can afford high fixed costs in order to gain huge economies of scale. Good luck opening a mom-and-pop grocery next to a Wal-Mart, or even an independent gas station within two miles of a Sheetz.
- vlunkr 9y agoGDP != money though. It doesn't matter what part you play in the GDP if you make enough to live happily.
- lovich 9y agoIf all else remains equal the yes, if you are happy with what you get already you'd be fine. However we do not live in a society with static rules. Corporations and to a lesser extent individuals are constantly competing and lobbying to get rules changes in their favor, look at the current net neutrality fight. If workers have an ever decreasing share of GDP then they have an ever decreasing amount of power with which to counter that lobbying or lobby for themselves, and it's the sort of thing that can snowball