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this is a very salient way of explaining the need for wealth redistribution in society. this doesn't necessarily mean communism or socialism, but it should mean
by permo-w 4y ago
this is a very salient way of explaining the need for wealth redistribution in society. this doesn't necessarily mean communism or socialism, but it should mean more Keynesian economics. high taxes on the rich - including rich corporations - and strong public spending in the right areas: education, small businesses, healthcare, and safety nets so people feel like they can take risks without having the fear of becoming homeless
- jasonwatkinspdx 4y agoYeah, one of my big shifts politically as an adult was debunking more naive libertarian views I held when younger. I think an honest reading of post ww2 history shows you need both a healthy private and public sector. There's arguments about exactly where to draw the line, but evidence is countries prosper with 1/4 to 1/2 of their economy being redistributed through the public sector. Where to draw the line within that window is more a matter of what society you want than a pure economic question. A key detail is that you need functional institutions, and those take generations to build.
- P5fRxh5kUvp2th 4y agoWhen people say this, do they ever consider that they're still wrong and will be "debunking" themselves in 10 years?