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> 1) As has been shown time and time again, the rewards of productivity gains accrue to the owners of capital far more than to the workers who are more producti
by wolfgke 8y ago
> 1) As has been shown time and time again, the rewards of productivity gains accrue to the owners of capital far more than to the workers who are more productive.
This looks much more like the real problem to me. The solution: Make it much easier and less bureaucratic for such people to invest their money.
- smolder 8y agoThat's not a solution unless they also decide to invest their money on terms better for the borrowers, which is not on the table, which is the actual problem. Nothing short of a philanthropic outburst by the worlds elites or some kind of truly major crisis will change the direction our trickle-up economics are sending us in. A more efficient model of investment is just a way to increase the effects of efficient investment, which is money going to the rich.