4 ms·
> I think you could (almost) build a consistent picture: Economic output is doing well, a lot of people are working, but the rich are taking all the gains and t
by CPLX 2y ago
> I think you could (almost) build a consistent picture: Economic output is doing well, a lot of people are working, but the rich are taking all the gains and the workers are just barely surviving.
You figured it out.
Maybe replace "the rich" with "those with capital and market power" but that's mostly a distinction without a difference.
- AnimalMuppet 2y agoCould you now address the objection? If that's the case, who's buying all the output?
- CPLX 2y agoThose to whom the returns on capital are accruing. Again none of this stuff is super groundbreaking. Shantytown hills overlooking mansions surrounded by high walls and barbed wire is kind of a global norm. As America edges closer it only feels unfamiliar to those of us that have become accustomed to something different.
- AnimalMuppet 2y agoI don't believe it. Take cars specifically. The US makes 11 million new cars a month. If regular people can't afford them, are billionaires really buying up all those cars? How many new cars does a billionaire need? Where are they parking them all? I can believe your explanation with money. I can even believe it with houses, with rich people buying up houses as an investment. But I can't believe it with cars. Regular people are buying new cars, and regular people think they can't afford new cars. How do we make sense of that?
- CPLX 2y agoBecause cars wear out and are scrapped? Not sure where you're going with this.