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One factor of this battle against trickle down economics is language. 'Trickle down economics' is term that is intuitive, explains itself well, and is easy to r
by splike 5y ago
One factor of this battle against trickle down economics is language. 'Trickle down economics' is term that is intuitive, explains itself well, and is easy to remember. It's a meme in Dawkin's original definition of the word.
The alternative term, 'bubble up economics', needs to the popularised more.
- fnord123 5y agoI don't think you want to popularize bubble [...] economics. Foundational economics, structured economics, etc where there is a strong base 'at the bottom'.
- TheSpiceIsLife 5y agoThe complementary term is: Deluge Up Economics Which has the handy property of "due" being the acronym. You've got to pay your dues, buddy.
- prox 5y agoThat but also value added economics would be a good idea to introduce, since not all companies, especially in the financial sector produce value to society. Like breaking apart successful companies for example.
- didgeoridoo 5y agoThe term “trickle-down” is PART of this “battle”. It’s a derogatory term for supply-side policies, invented by a humorist to poke fun at the idea.
- mynameishere 5y agoI think it's hopeless. The HN crowd is relatively educated, but they just gormlessly use a slur in reference to a thing. Should I have confidence that they understand the thing itself, if they can't avoid attacking it with every mention? What's curious is--when these policies came about under Reagan, the economy basically exploded upwards for 40 years. What the hell do you want? LBJ's Great Society back again? That's where we're headed right now. Inflation and destitution!
- iso1631 5y agoI hear "trickle down" and I hear rich people pissing on everyone.