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We never tore down patronage networks. Trickle down is essentially the same mechanics in the abstract, hidden by contemporary coded virtue signaling, and legal
by compiskey 4y ago
We never tore down patronage networks. Trickle down is essentially the same mechanics in the abstract, hidden by contemporary coded virtue signaling, and legal jargon.
Families that benefited from 50s-60s social programs legislated them away in the 80s, leverage mathematical inference to assign themselves exorbitant wealth through arbitrary valuations they decide on, buy up the most valuable assets, and pay as little as possible to us to maintain them.
Horse and Sparrow economics is from a similar era of political thought as spoils systems.
A $200k salary in the 80s had the buying power of $600k now. Past winners were not about to have their legacy deflated, so they changed the rules.