4T is Speeding Along Now

[David Horn]

(02-02-2020, 01:31 PM)Warren Dew Wrote:

(02-02-2020, 11:00 AM)sbarrera Wrote: I also agree with the growing issue of inequality and the attendant economic anxiety.

Inequality is not growing.  It maxed out around 2000, and had remained at a high level since.  Economic anxiety is growing as people realize it's a long term state of affairs.

Tearing down institutions may help, but the problem won't be resolved until the largest private institutions, like Google and Facebook, are broken up or crippled enough to permit competition.  Historically, that has not happened through political action alone.

The real problem has to do with the imbalance of power.  If the corporate world is unrestrained, it will take more and give less.  That's true of earnings, wealth, freedom and just about every other measure.  Power corrupts, and the corporate world has had unprecedented power for a very long time.

Breaking up the tech firms is certainly justified, for any number of reasons, but the basic imbalance has to do with wealth and constraints, or lack of them.