That's not an entirely accurate perspective, but you're not far off. The problem is that fixing this requires hard decisions, and it requires people in power to act against their own interests.
You want wealth inequality to get better? You need to increase the value of labor. You do that by eliminating free trade deals, bringing production back to the west, increasing prices on goods, and severely limiting immigration. Do that, and the value of labor will soar.
You should also severely limit the ability for the wealthy to own properties to rent. One of the main reasons the middle class existed was that the family home was simultaneously shelter, and an investment vehicle.
The whole structure of investment and shareholding has to be rethought as well. Its built of the concept of infinite growth, something that isn't possible, and ends with businesses destroying themselves while trying to meet this impossible demand.
24Permanently Deleted
7Currently, very little of the cost of goods is actually being invested back into America; offshore production funnels money to other countries and price gouging by the rich funnels money into their own pockets. While the cost of goods may go up, that money is being spent paying for domestic labor and domestic production infrastructure, creating more jobs domestically. The more jobs that are available, the more valuable labor in America becomes, which we are seeing today in the post pandemic era as many businesses are forced to raise wages beyond minimum wage to hire employees
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You want wealth inequality to get better? You need to increase the value of labor. You do that by eliminating free trade deals, bringing production back to the west, increasing prices on goods, and severely limiting immigration. Do that, and the value of labor will soar.
A measure that is never taught is teaching kids about how to pursue their own self-interest in the market. Everyone should know that they live in a system that incentivizes bosses to sweet-talk you while they underpay you, that offering too much to your company without clear effort-reward incentives is usually pointless, that if you're a worker you can and should be unionized, how can an union actually pressure companies to give in to their demands.
I live in a country where unions receive a lot of support from the government, but barely anyone ever engages in syndicalist action.
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You know how Internet people always say that the older they get, the more they understand Al Bundy?
I'm at the point where I understand the solitary curmudgeon old guy who never talked to anybody and lived in a small, but oddly well kept house. Then, when he passed, people were shocked to find out he had a million dollars in assets that he'd just casually socked away because he hated consumerism and didn't trust the man.
We thought that guy was crazy when we were kids.
Now I'm becoming that guy, saving a ton of cash*, because I see the consumerism pyramid scheme and refuse to participate.
*By cash, I have cash, precious metals, some bonds, my house, and a very few stocks that I bought many years ago, watching them return nothing to me. Now I'm much more concerned with principal protection and inflation hedging than capital growth. Cash in and of itself is a Ponzi scheme, so you don't wanna have all your eggs in that basket.
19One day the people who live like you will turn out to be right and take over in the new society built out of the ashes.
Unfortunately people have been thinking that way for centuries and it hasn't happened yet.
9preppers are cringe ass losers; money and precious metals are paper and rocks
1I don't consider myself a prepper at all. I don't store that dried food crap, don't own weapons, don't have a bunker. I'm on the electric grid, pay my taxes, have a daily grind job. I just have found myself participating less and less in wanton consumerism merely for the sake of having a cache of shiny trinkets.
I honestly had no idea regarding the connection between metals and preppers when I bought it. I merely saw something that would retain value more reliably than the latest fashionable IPO.
Life has been hard and it has repeatedly taken from me. I'll take the blame for some of that via stupid choices I've made over the years. Now I'm just trying to have enough so that I don't have to work until I literally collapse and die at my desk.
You live your life as you desire, and I'll wish you well.
I'll do the same.
When it comes to finances, no two people will ever come to the same conclusions as to what's ideal.
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You could live in the socialist utopia that is the soviet union... Oh wait
14Almost like glorification of any economic system is bad, rather than using them for their actual purposes.
People keep trying to use these systems forgetting human greed exists and will continue to exist
44People keep trying to use these systems forgetting human greed exists
Capitalism uses people greed to benefit everyone. If people want to make money they need to provide a good/service that is better / cheaper than the rest of the market. Everyone wins. It's only when government gets involved and starts picking winners and losers that it goes sideways.
TLDR: Capitalism works BECAUSE of greed.
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There's more to anti-capitalism than the Soviet union, or other authoritarian states.
22He could also live in social democratic Sweden
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Capitalism is dead. This is techno-feudalism
9https://www.merriam-webster.com/dictionary/plutocracy
Capitalism is at odds with democracy itself.
5Ok yes, but it's more complex then that. Would you be available to desvribe further into your suggestions on what changed you should make?
2shrugs Works for me. Have you tried restarting your life? Might help resolve the issue.
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