4 ms·
One root of the economic crisis in my mind is something like the way the game monopoly terminates -- at some point all of the money winds up in one person's han
by terra_t 16y ago
One root of the economic crisis in my mind is something like the way the game monopoly terminates -- at some point all of the money winds up in one person's hands. Some economic inequality is advantageous over no inequality (there's got to be some reward for success) but too much inequality leads to a "hard stop." We've had 30 years in which a handful of professions (finance & law particularly) have prospered while the rest of us have fallen behind. If these guys were just buying supercars, that would be one thing, but they've bought political power and made our government so ineffective that, on some days, I wonder if we'd be better off with a system like China's.
And as for being cheated, I started out my professional career with the deck stacked against me. Perhaps I was stupid to do that. Stupid to be reading Issac Asimov for a kid and to think that the child of a construction worker would have any chance to become a scientist in the 1990's.