4 ms·

Greedflation frames the problem around greed. Greed is not the problem. Lack of competition is the problem. Robber barons are the problem. Citizens united legal

Greedflation frames the problem around greed. Greed is not the problem. Lack of competition is the problem. Robber barons are the problem. Citizens united legalizing bribery is the problem. Ultimately it is deeper than that. Laborers don't know how to exercise power and laborers don't know how to provide consequences when our aristocracy takes advantage of us. If banks can say "we'll trash the economy if you don't bail us out," but every day people say "we're going to suffer if you don't bail us out," the people in power have to account for these banks, but don't have to care about your suffering. The banks had a credible threat of force against decision makers making a decision, while the people offered predatory lending had no credible threat of force. Until laborers can provide a credible threat of force, we should expect to see a continuous decline in labor power, and therefore wages. Greedflation means lack of unionization.

bugglebeetle 3y ago
>Laborers don't know how to exercise power and laborers don't know how to provide consequences when our aristocracy takes advantage of us. The US specifically structured its labor laws to prevent sectorial bargaining and the kind of labor power that exists in Europe. That’s why we have company-level unions. Our country will also quite violently suppresses all protest movements and empower those on the right to maim/kill those who oppose elite economic interests. While we certainly need more unions, this in itself will not resolve these problems any more than more unionization in Russia would overthrow their oligarch class.
Sohcahtoa82 3y ago
> Ultimately it is deeper than that. Laborers don't know how to exercise power and laborers don't know how to provide consequences when our aristocracy takes advantage of us. It's deeper than that even still! You've got half the labor pool fighting against the one thing that would give them power: Unions. And they don't want consequences against the aristocracy because they have this delusional notion that one day they'll be a part of said aristocracy.
- hayst4ck 3y ago
  > one thing There are also guillotines. It never ceases to amaze me that pro gun rights people are generally anti union. Both are extra judicial exercises of power to get a seat at the negotiating table and ultimately prevent tyranny against ones self. Both involve seeking justice through use of force when justice is no where to be found. > And they don't want consequences against the aristocracy because they have this delusional notion that one day they'll be a part of said aristocracy. This is over simplified and echo chamber talk. This would not survive a conversation with a skeptic. Those people wouldn't say that they are anti-union because they might eventually be a business owner. They would say that one of the authorities they trust said unions are corrupt and won't work, ignoring the business owners corruption who paid for that authority to sell that story. Conservationism frequently lies with the truth. Only through understanding the bigger picture can you understand that the framing of a given truth creates a lie in the context of a bigger picture. They have been lied to about cause and effect by entities like fox news and don't have the critical thinking skills to question it. People who believe in trickle down economics don't believe it because they think they will be able to trickle down onto others in the future, they believe it because someone they held in a position of authority told them it's an optimal economic system and they didn't think about it too much or question it. If you build a culture around following authority and not questioning it too much (like church) then it's easy to hoodwink those people because they are used to trusting [their] authorities without question.

bugglebeetle 3y ago

>Laborers don't know how to exercise power and laborers don't know how to provide consequences when our aristocracy takes advantage of us. The US specifically structured its labor laws to prevent sectorial bargaining and the kind of labor power that exists in Europe. That’s why we have company-level unions. Our country will also quite violently suppresses all protest movements and empower those on the right to maim/kill those who oppose elite economic interests. While we certainly need more unions, this in itself will not resolve these problems any more than more unionization in Russia would overthrow their oligarch class.

Sohcahtoa82 3y ago

> Ultimately it is deeper than that. Laborers don't know how to exercise power and laborers don't know how to provide consequences when our aristocracy takes advantage of us. It's deeper than that even still! You've got half the labor pool fighting against the one thing that would give them power: Unions. And they don't want consequences against the aristocracy because they have this delusional notion that one day they'll be a part of said aristocracy.

hayst4ck 3y ago
> one thing There are also guillotines. It never ceases to amaze me that pro gun rights people are generally anti union. Both are extra judicial exercises of power to get a seat at the negotiating table and ultimately prevent tyranny against ones self. Both involve seeking justice through use of force when justice is no where to be found. > And they don't want consequences against the aristocracy because they have this delusional notion that one day they'll be a part of said aristocracy. This is over simplified and echo chamber talk. This would not survive a conversation with a skeptic. Those people wouldn't say that they are anti-union because they might eventually be a business owner. They would say that one of the authorities they trust said unions are corrupt and won't work, ignoring the business owners corruption who paid for that authority to sell that story. Conservationism frequently lies with the truth. Only through understanding the bigger picture can you understand that the framing of a given truth creates a lie in the context of a bigger picture. They have been lied to about cause and effect by entities like fox news and don't have the critical thinking skills to question it. People who believe in trickle down economics don't believe it because they think they will be able to trickle down onto others in the future, they believe it because someone they held in a position of authority told them it's an optimal economic system and they didn't think about it too much or question it. If you build a culture around following authority and not questioning it too much (like church) then it's easy to hoodwink those people because they are used to trusting [their] authorities without question.