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The problem is not technology, but the problem is our economic (particularly "money-") -system. The system with interest rates and profits from money (stock) i
by PythonicAlpha 13y ago
The problem is not technology, but the problem is our economic (particularly "money-") -system.
The system with interest rates and profits from money (stock) is leading us into rapidly increasing imbalance of property and incomes. Today you can make thousands times more money just by making money from other money -- without any benefits for society involved (in many cases, the results are even devastating for society, e.g. food speculations) -- than any well paid office worker who uses much creativity and produces real values (like an architect or designer) even, if it is not your own money you speculate with.
That should make us think for a moment.
This spiral even has gotten worse in the last decades, because profit margins have been increased and increased. Everybody is crying for "investment opportunities" and pressure is on the stocks to generate more profits. That was also powered up by the globalization.
Normal human labor has been devaluated this way and just making profits from your possessions is increasingly making more and more money.
The people with money also have managed to make the rules in nearly all the world so, that earnings increase.
At the same time, more and more companies and rich people have brought their money or profits into tax havens, so the countries are starving on taxes ... the lower paid people have to pay them alone.
It's an downward spiral, taking the whole human kind down!