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> Feedback loop > money influences politics ... converting higher economic inequality into greater political inequality. Political inequality, in its turn, giv
by neolefty 8y ago
> Feedback loop
> money influences politics ... converting higher economic inequality into greater political inequality. Political inequality, in its turn, gives rise to more economic inequality ...
The article is well-written and cogent, but at this point it seems like common sense since we've heard and said these things so often, and they have become so blatant.
"Tax reform", deregulation, lack of prosecution of financial crimes, lack of enforcement ...
> And what we can do about it
But both parties seem to be captured by wealthy interests. I don't mean to be both-sides-ist — there are profound differences between the two major parties — but is there any non-destructive way for them to break free of that embrace?
Someone tell me how we can reform our system — realistically — without another Great Depression?
- dv_dt 8y agoHonestly the "solutions" portion of this article was fairly weak to me. Or at least they were thing that have been fought over before and need to be won still. Perhaps also start looking at solutions constructed differently then the ones on already hard-fought political paths. One example: a Social Wealth Fund distributing a universal dividend https://www.peoplespolicyproject.org/projects/social-wealth-fund/ https://www.peoplespolicyproject.org/projects/social-wealth-... One thing I don't really like about that specific proposal is that it proposes a single federal management agency of the fund. I think politically and risk-distribution wise it would work out better if the fund were distributed in management. So split the single large fund into a single federal collection, and its management divided into state or regional subfunds so that state residents can both watch and be involved in their respective state's management.