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Based on extensive academic research on trickle-down economics, in particular looking into the evolution of real wages of different sectors of population, since

by aborsy 1y ago

Based on extensive academic research on trickle-down economics, in particular looking into the evolution of real wages of different sectors of population, since 1980s. See the work of recent Nobel prize laureates in economics. Many argue for redistribution and investment back to the society.

simianwords 1y ago
But the past few revolutions benefitted everyone and we are better off. Look at industrial revolution, digital revolution. Why do you think it is different this time? If trickle down economics don't work, why is world poverty at all time low and consumption at all time high?
- aborsy 1y ago
  As noted, this refers to Reagan policies and onward.
  - simianwords 1y ago
    Even after Reagan's policies how do your points hold?
    - abenga 1y ago
      Because we are counting people's wealth in significant fractions of a trillion dollars and young people around the world cannot afford homes no more?
      - simianwords 1y ago
        Prices of houses increased but others decreased. Life expectancy increased, consumption increased.
        grafmax 1y ago
        “Phones not homes.”
        m000 1y ago
        Consumption of overpriced crap, a.k.a. the lipstick effect [1]. [1] https://en.wikipedia.org/wiki/Lipstick_effect https://en.wikipedia.org/wiki/Lipstick_effect
- pyrale 1y ago
  > Look at industrial revolution I really don't see how one can separate the industrial revolution from colonialism, considering we have chiefs of government in colonial countries on the record saying that colonies are a necessary outlet for industrial goods [1]. Once you've established that link, it's hard to explain that "everyone" benefitted from the industrial revolution. Even disregarding that, the working conditions created by industrialization allowed for situations that can hardly be described as "beneficial" [2][3][4]. > digital revolution. [5] provided without comment. --- [1]: for instance, Jules Ferry: https://www2.assemblee-nationale.fr/decouvrir-l-assemblee/histoire/grands-discours-parlementaires/jules-ferry-28-juillet-1885 https://www2.assemblee-nationale.fr/decouvrir-l-assemblee/hi... [2]: https://en.wikipedia.org/wiki/Bisbee_Deportation https://en.wikipedia.org/wiki/Bisbee_Deportation [3]: https://en.wikipedia.org/wiki/Ludlow_Massacre https://en.wikipedia.org/wiki/Ludlow_Massacre [4]: https://en.wikipedia.org/wiki/Coal_Wars https://en.wikipedia.org/wiki/Coal_Wars [5]: https://en.wikipedia.org/wiki/PRISM https://en.wikipedia.org/wiki/PRISM
  - dzhiurgis 1y ago
    Places that luckily avoided colonialism haven’t improved a zilch.
    - danans 1y ago
      > Places that luckily avoided colonialism haven’t improved a zilch Thailand and China would like a word.
      - dzhiurgis 1y ago
        So would Liberia and Ethiopia.
        danans 1y ago
        So we agree that it is more complex than: colonized => successful not_colonized => unsuccessful
  - 1y ago

by aborsy 1y ago

simianwords 1y ago

But the past few revolutions benefitted everyone and we are better off. Look at industrial revolution, digital revolution. Why do you think it is different this time? If trickle down economics don't work, why is world poverty at all time low and consumption at all time high?

aborsy 1y ago
As noted, this refers to Reagan policies and onward.
- simianwords 1y ago
  Even after Reagan's policies how do your points hold?
  - abenga 1y ago
    Because we are counting people's wealth in significant fractions of a trillion dollars and young people around the world cannot afford homes no more?
    - simianwords 1y ago
      Prices of houses increased but others decreased. Life expectancy increased, consumption increased.
      - grafmax 1y ago
        “Phones not homes.”
      - m000 1y ago
        Consumption of overpriced crap, a.k.a. the lipstick effect [1]. [1] https://en.wikipedia.org/wiki/Lipstick_effect https://en.wikipedia.org/wiki/Lipstick_effect
pyrale 1y ago
> Look at industrial revolution I really don't see how one can separate the industrial revolution from colonialism, considering we have chiefs of government in colonial countries on the record saying that colonies are a necessary outlet for industrial goods [1]. Once you've established that link, it's hard to explain that "everyone" benefitted from the industrial revolution. Even disregarding that, the working conditions created by industrialization allowed for situations that can hardly be described as "beneficial" [2][3][4]. > digital revolution. [5] provided without comment. --- [1]: for instance, Jules Ferry: https://www2.assemblee-nationale.fr/decouvrir-l-assemblee/histoire/grands-discours-parlementaires/jules-ferry-28-juillet-1885 https://www2.assemblee-nationale.fr/decouvrir-l-assemblee/hi... [2]: https://en.wikipedia.org/wiki/Bisbee_Deportation https://en.wikipedia.org/wiki/Bisbee_Deportation [3]: https://en.wikipedia.org/wiki/Ludlow_Massacre https://en.wikipedia.org/wiki/Ludlow_Massacre [4]: https://en.wikipedia.org/wiki/Coal_Wars https://en.wikipedia.org/wiki/Coal_Wars [5]: https://en.wikipedia.org/wiki/PRISM https://en.wikipedia.org/wiki/PRISM
- dzhiurgis 1y ago
  Places that luckily avoided colonialism haven’t improved a zilch.
  - danans 1y ago
    > Places that luckily avoided colonialism haven’t improved a zilch Thailand and China would like a word.
    - dzhiurgis 1y ago
      So would Liberia and Ethiopia.
      - danans 1y ago
        So we agree that it is more complex than: colonized => successful not_colonized => unsuccessful
- 1y ago