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You could also argue that 0.1% is directing all of the laws surrounding our economy...and those are our elected leaders. I'm not sure they are any better at fi
by j_walter 5y ago
You could also argue that 0.1% is directing all of the laws surrounding our economy...and those are our elected leaders. I'm not sure they are any better at figuring out where to direct the resources than those 10% are.
- afavour 5y ago> and those are our elected leaders Kind of an important caveat, no? It’s the entire principle behind having a democracy.
- SketchySeaBeast 5y agoYou know, when you say it like that it really just makes sense and is working as intended.
- Grustaf 5y agoYeah, 0.1% are directing the laws, but they are not our elected leaders. They are the unelected leaders of the largest corporations.
- ldiracdelta 5y agoDon't forget un-elected lifetime bureaucrats.
- r00fus 5y agoHaha, keep going. It's not even the leaders of said corporations. They report to the Board of Directors and they in turn report to the investors. The wealthy who own large portions of the controlling interest in these companies are sometimes the visible leaders of said corporations, but many of them live out of the limelight and control the rest of us with puppet strings.
- jakelazaroff 5y ago> You could also argue that 0.1% is directing all of the laws surrounding our economy...and those are our elected leaders. If they're doing a bad job, the recourse (at least in theory) is to elect better leaders. What recourse do we have when the rich abuse their power?
- j_walter 5y agoIn theory...but despite the sub 20% approval rating of congress over the last decade the same people keep getting voted into power. If you don't like the rich abusing their power...don't buy their product. Does it suck to not use Amazon...sure, but making an impact is not easy.