No one is going to finger extreme wealth inequality as the proximate cause of what's going down in the next decade, but that doesn't mean it isn't the tectonic cause.
Thank you for the comments. The book "The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century" makes a data-driven case for the idea that extreme asymmetries in the distribution of the economy's output get rebalanced one way or the other, if not by policy changes then by overthrow of the status quo. My impression is we're at the point of that decision. warm regards, charles
I understand that one of the reasons for collapse of the Western Roman Empire was because nobody had the money needed to do anything. All the money and other resources were locked up by the senatorial class who did nothing but hold on to their wealth.
Of course, bringing up redistribution even if it only means increased taxes will have people screaming about Stalinism and the Gulags without noting why the Russian Empire fell was because of the poverty, losing the war, and the incompetence of the government.
As for wealth inequality, its been a lever used by various evil people to further their agendas for a very long time. Just as the plandemic played on peoples fear, envy is useful to manipulate the thoughtless and clueless to "rise up" against those who have more. Of course, those behind these schemes are also the real villains responsible for the rise (and abuse) of Globalization and Financialization. Which is why they created an entire ideology based on envy to divert, distract and keep people at each others throats. While they laugh all the way to their banks.
Thank you for the comments. The book "The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century" makes a data-driven case for the idea that extreme asymmetries in the distribution of the economy's output get rebalanced one way or the other, if not by policy changes then by overthrow of the status quo. My impression is we're at the point of that decision. warm regards, charles
I understand that one of the reasons for collapse of the Western Roman Empire was because nobody had the money needed to do anything. All the money and other resources were locked up by the senatorial class who did nothing but hold on to their wealth.
Of course, bringing up redistribution even if it only means increased taxes will have people screaming about Stalinism and the Gulags without noting why the Russian Empire fell was because of the poverty, losing the war, and the incompetence of the government.
Its interesting that you brought up Rothbard. He wrote a very interesting book on the great depression. This is a short over view. https://mises.org/mises-wire/murray-rothbards-americas-great-depression-and-its-importance-today
Here is the book itself https://mises.org/library/book/americas-great-depression
As for wealth inequality, its been a lever used by various evil people to further their agendas for a very long time. Just as the plandemic played on peoples fear, envy is useful to manipulate the thoughtless and clueless to "rise up" against those who have more. Of course, those behind these schemes are also the real villains responsible for the rise (and abuse) of Globalization and Financialization. Which is why they created an entire ideology based on envy to divert, distract and keep people at each others throats. While they laugh all the way to their banks.
More more more
Wanted to much lore leads to trade war
The kinetic war
See roaring twenties
Interesting that Ed Yardeni says we are in a new roaring twenties
What could go wrong
What could go wrong