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Employment rates aren't the issue IMO, wealth concentration is. And that's increasing. It's important because wealth is essentially power, so concentration of
by rebuilder 5y ago
Employment rates aren't the issue IMO, wealth concentration is. And that's increasing.
It's important because wealth is essentially power, so concentration of wealth inevitably changes the balance of power in society. And that in turn creates a feedback loop where the wealth and powerful can undermine thelaws and regulations intended to keep the distribution of wealth and power from becoming too lopsided.
This is why I view the current everything-as-a-service model that takes things people used to own and turns them into things people rent pretty skeptically.
- dantheman 5y agoDo you think the centralization of power in the federal government is a problem? Do you think famous people are a problem? Or is it only wealth that's a problem?
- rebuilder 5y agoPower, as in the ability to alter others lives, is the “problem” IMO. Wealth is only a problem in that it’s intrinsically linked to power. Really I think it’s a balancing act. Since we can’t just get rid of the concept of power, we try to regulate its use. This is pretty difficult.
- kabes 5y agoThe government is, to a certain extend, chosen by the people.
- actually_a_dog 5y agoBut it doesn't represent the people, which is the problem: https://act.represent.us/sign/the-problem/ https://act.represent.us/sign/the-problem/
- shakezula 5y agoThat wealth is power is a correlation that few realize. It’s why these wage debates get so heated - they threaten the core social power of people. And it absolutely is a feedback loop. Something about absolute power corrupting absolutely.