(02-20-2021, 10:49 AM)David Horn Wrote:(02-20-2021, 05:16 AM)Bob Butler 54 Wrote:(02-20-2021, 05:01 AM)Einzige Wrote: The Democrats aren't eager to do shit except to continue to extend the rule of Capital - not "the rich" but Capital, which is a system ordering and governing all human capacity on Earth today.
Is it telling that most people don't see the division of wealth as one of the crisis problems? The economy is, and the division of wealth is part of it, but the key problem Marx saw is not considered that important now and the tool he saw as solving it is not seen as necessary. The most severe problems faced by the culture are addressed in the crisis, and capitol is not among them.
I can see the division of wealth as being addressed in a future awakening or crisis, though likely through non violent means. It is just that with the productivity increase, there isn't that much focus on it.
Thomas Picketty in his seminal tome Capital in the 21st Century showed how powerful this tool really is. Given adequate opportunity, the predator class can engineer gains that exceed the rate of economic growth, and maintain it over long periods. Eventually, they will own everything. That's the power of that tool. We're well on our way to that end, so taming the predator class will be a must almost immediately. Can we bear a system that allows a single individual to accumulate $75Billion in a single year? Others are in the wings, watching and waiting for their chance too. Bezos set the standard. Elon Musk is right there on his tail... and there are others, some hidden from view, who want to be in the new uber-class. It will make Feudalism seem tame and quaint by comparison.
Unfortunately, Piketty doesn't actually understand capitalism and his proposed solution (a global wealth tax) won't actually fix anything. It's more social Democratic deck chair rearranging.
https://thenextrecession.wordpress.com/2...its-worse/