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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWay To Go, 'Capital'! You're Totally Crushing 'Labor'! A Few More Years Like This And You'll Win!!!
{Surprised to find this article at Business Insider}
For the past few years, I have pointed out that the economy is an ecosystem and that, as in any ecosystem, when one set of participants begins hogging a huge percentage of the overall resources, other participants get weaker or die and the whole ecosystem becomes unstable.
Eventually, if the hogging becomes too overwhelming, the ecosystem may collapse.
(Think of an algae-choked pond in which all light and oxygen gets consumed by one particularly rapacious plant.)
Specifically, I have observed that over the past three decades, more and more of this country's wealth and income have been consumed by a small percentage of the population for lack of a better term, "the 10%" while everyone else has gotten hosed.
Read more: http://www.businessinsider.com/wages-flat-stocks-and-profits-soar-2015-1#ixzz3OLiybTFC
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Way To Go, 'Capital'! You're Totally Crushing 'Labor'! A Few More Years Like This And You'll Win!!! (Original Post)
avaistheone1
Jan 2015
OP
Jackpine Radical
(45,274 posts)1. Excellent short piece to email around
or print out & distribute to strangers or whatever.
Anyway, an excellent, concise and hard-hitting essay.
Pacifist Patriot
(24,653 posts)2. One would think it's basic common sense...
If you pay low wages, then people can't afford the stuff you want (need) them to buy.
If I, barely competent in my two required Econ classes, can figure this out without help from a teacher or a graph, you would think the 10% could grasp this extraordinarily easy concept.
Blinding greed. So much fucking avarice they can't see the inevitable.
Scuba
(53,475 posts)3. In the game of Monopoly, when one player has all the money, it's ....
... Game Over.
Katashi_itto
(10,175 posts)4. VOTE HILLARY! She can help win the war on Labor!
Why vote Republican when you can vote 3rd Way!