From: Erik Aronesty (erik@zoneedit.com)
Date: Sun Oct 26 2003 - 20:59:55 MST
Some basic concepts:
The economy is not a zero-sum game. Technological innovation produces efficiencies that result in increased production without increased labor. The result should be that people work fewer hours, or have more spare income.
However, the real result is often increased profits for the ruling classes. They absorb all efficiency with insatiable greed.
When the masses realize that more than 50 pct of their GDP is going to make 1 pct of the population ludicrously wealthy, then they get angry and demand higher wages.
Mos of the time, however, they are socially conditioned to keep quiet.
I'm not saying what people should or shouldn't do.
However, it is true thatwe could give 99 pct of the people in the US a 10 pct raise and give the wealthiest 1 pct a 10 pct reduction... and maintain a balanced economy.
The real problem right now is that political power is favoring the extremely wealthy. They are getting richer as the poor are getting poorer.
It's all a question of keeping the poor content with their fate.
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