How old are you, tortoise? Old enough I hope to understand that what we are seeing bubbling up in this country is nothing new throughout the sweep of history.Tortoise wrote: ↑Wed Oct 21, 2020 1:42 pmThis isn't a great uprising by the poor working class.doodle wrote: ↑Wed Oct 21, 2020 1:31 pmThe way I look at it..One way or another the masses in society are going to eventually figure out a way to rebalance the growing inequality. In the past traditionally this was done through revolutions and people losing heads. In the 1930s revolution was averted and capitalism was saved by Roosevelt's new deal and the lucky timing of world war two for our nation. This pot has again been simmering away since the occupy and tea party movements during the last crash and that simmer occasionally reached a full boil at points in the last few months.
The majority of the Antifa/BLM thugs who've been committing most of the vandalism and violence over the past several months aren't the downtrodden and oppressed. They're mostly middle-class white kids who live in their parents' comfortable basements rent-free, playing Call of Duty by day and rioting in black bloc costumes by night. The rest of them are college students -- usually transgender English Literature majors with purple hair.
https://www.economist.com/open-future ... r-plague
I'm in a weird position with regards to what is happening. I'm an early millennial, successful..basically semi retired. Worked hard and was very focused on achieving financial freedom. I mostly worked hard jobs however...long hours, hard work, no windfalls, alongside people who were broke or scraping by. On the one hand I earned everything I made....but I had a lot of good fortune and luck along the way. Nevertheless, despite my relatively privileged position I find myself in, i'm angry at increasing disparity in our country between the haves and have nots. I believe that the enormous wealth that our society creates is the result of the collective hard work and effort of the people of our nation. Just like a championship winning team is the collective efforts of all the players. I'm not saying that a Michael Jordan shouldn't be paid more in fact Michael Jordan's salary of $33.14 million for the 1997-98 season was more than twice as much as the combined salaries of teammates Dennis Rodman, Scottie Pippen, Ron Harper and Toni Kukoč...some might say that was excessive but that pales in comparison to our country where the bottom 50% of our nation's holds only 1% of the wealth...and the bottom 80% owning less than 10% of wealth. This is a problem.
IN AN age of widening inequality, Walter Scheidel believes he has cracked the code on how to overcome it. In “The Great Leveler”, the Stanford professor posits that throughout history, economic inequality has only been rectified by one of the “Four Horsemen of Leveling”: warfare, revolution, state collapse and plague.
So are liberal democracies doomed to a repeat of the pattern that saw the gilded age give way to a breakdown of society? Or can they legislate a way out of the ominous cycle of brutal inequality and potential violence?