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Lyn Alden's latest post on Inflation talks about the idea of the cyclic effect of Capital vs. Labor and has a great chart: https://www.lynalden.com/inflation/#
by lbotos 5y ago
Lyn Alden's latest post on Inflation talks about the idea of the cyclic effect of Capital vs. Labor and has a great chart:
https://www.lynalden.com/inflation/#benefit https://www.lynalden.com/inflation/#benefit
(which is based on Ray Dalio's Changing World Order): https://www.principles.com/the-changing-world-order/ https://www.principles.com/the-changing-world-order/
I personally expect in the next 5-10 years to see more pressure from Labor on Capital on the backs of news like this (whether true or spin) and the monetary env we are in.
- Tarsul 5y agoI read an article in the Guardian today that had a little stat in it that said that the richest 1% in the US own 43% whilst the richest 1% of Greeks only own 9%.[1] I wouldn't have thought that the contrast is SO big between countries. I agree however that the real stats are not as important as how they are spun and represented regarding the influence on public opinion. I also agree that something's (and with that I mean the rich) gotta give sooner rather than later unless growth alone will help everyone up sufficiently (which I don't think it will, especially with climate crisis looming). [1]https://www.theguardian.com/business/2021/may/11/oecd-higher-inheritance-tax-covid-pandemic https://www.theguardian.com/business/2021/may/11/oecd-higher...