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> Profits from tech companies seem to be accruing to the elites. Is this not the problem that needs to be addressed. Looks like the rich and media have succes
by theuppermiddle 3y ago
> Profits from tech companies seem to be accruing to the elites.
Is this not the problem that needs to be addressed.
Looks like the rich and media have successfully made a scapegoat out of immigrants when the actual problem is the money accuring to the elites and government inefficieny in improving housing supply.
- rayiner 3y agoImmigration exacerbates that problem structurally, by introducing a large population of foreigners who have less social capital and political leverage than native born people. More power to elites seems like a natural consequence of immigration.
- kelipso 3y agoHow? The locals still have the same voting power. The locals just don't care if the money goes to the elites because it perfectly aligns with their politics and worldview (capitalism, etc).
- rayiner 3y agoVoting power only helps you (maybe) fix a problem after it’s arisen. But flooding the workforce with immigrant labor creates the problem in the first place by reducing the negotiating leverage of native born workers. Even in terms of voting power—immigration reduces social solidarity and undermines the economic left in the long run.