4 ms·
People are misunderstanding the purpose of this statement. Everyone is saying it doesn't have legal teeth. This is true. But that's not the point. The point of
by mempko 7y ago
People are misunderstanding the purpose of this statement. Everyone is saying it doesn't have legal teeth. This is true. But that's not the point. The point of this statement is to signal to the public, that the wealthy are ready to give them what they want and understand that the inequality is unsustainable. They are prepared to make concessions now and it's up to the public to take them.
IMO This is basically a "Go vote for Bernie Sanders" nod from the wealthy. None of them would say this so directly, except a financier like Asher Edelman, who explained how his economic policies would lower inequality and increase the velocity of money.
Read Ray Dalio's Why and How Capitalism Needs to be Reformed https://economicprinciples.org/Why-and-How-Capitalism-Needs-To-Be-Reformed/ https://economicprinciples.org/Why-and-How-Capitalism-Needs-...
If you want some accurate reporting, go read the financial and business press. Turns out business people kind of need to know what is going on to do their job and are willing to pay for good news reporting. So if you want 'just-the-facts' reporting, the business press is pretty good.
- excursionist 7y agoI think you are misunderstanding the purpose of this cheap PR move.
- mempko 7y agoIt is a PR move. I'm stating why they are making the PR move. Why even make the PR move if everything is fine? Why rock the boat if all is well?
- excursionist 7y agoWhat? Corporations have always been spending time & money on PR. Are you asking what the purpose of PR is? I see no reason to assume altruistic motives are involved.
- mempko 7y agoNo. I'm asking you what is the purpose of THIS PR move. Every PR move has a reason behind it. You suggested I misunderstood the purpose of it. What, in your opinion, is the purpose of this PR move?
- excursionist 7y agoYour statement is wrong because there is no reason to believe or any evidence to support the following statement: > The point of this statement is to signal to the public, that the elite are ready to give them what they want and understand that the inequality is unsustainable. They are prepared to make concessions now and it's up to the public to take them. Corporations suddenly wanting to tackle inequality and make 'concessions to the public'? That's not a reason for this PR move, that's corporate fairytale. > I gave a reason for the PR move. I'm curious why you think my reason is wrong? You did not give any reason other than exactly what the architect of this PR move would expect a very gullible person to interpret this as.
- mempko 7y agoAre you suggesting I had the gullible interpretation? If not, what would a gullible person interpret this as? What action would you suggest is the appropriate one to this PR move?
- excursionist 7y ago> > Are you suggesting I had the gullible interpretation? Yes. > What action would you suggest is the appropriate one to this PR move? When these corporations put their money where their mouth is, we can start to seriously consider such statements. Until then, laughter and derision are appropriate.