Declining worker power vs. rising monopoly power: explaining recent macro trends
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Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#2I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment.
People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhoods makes a lot of sense as a way of sending a message to rich people, whether you like it or not.
Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#3I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment. People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhood…
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Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#4I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment. People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhood…
Someone commented and deleted, but in response I'll leave this here: https://www.youtube.com/watch?v=JNfqr-rzj5I
It's an interview with Cornel West. You may not agree with his political philosophy, but he "gets it" with regard to the current social unrest. If you want to understand what's happening, you should try to empathize with what he's talking about.
Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#5I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment. People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhood…
In all likelihood lashing out at fancy retailers will be effective. Additional police powers and crackdowns will be paired with throwing the rioters a few bones (e.g. greater checks on police powers and throwing the book at George Floyd's murderers).
Of course, the elites will pretend that they meant to throw that bone all along and will vehemently deny it has anything to do with a smashed up Gucci store in Beverly Hills and a lot of Americans (perhaps most) will believe this denial.
Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#6I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment. People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhood…
In all likelihood lashing out at fancy retailers will be effective. Additional police powers and crackdowns will be paired with throwing the rioters a few bones (e.g. greater checks on police powers and throwing the book at George Floyd's murderers). Of course, the elites will pretend that they meant to throw that bone all along and will vehemently deny it has anything to do with a smashed up Gucci store in Beverly H…
Indeed, peaceful protests are good for the status quo because they're easy to ignore. They want you to sit down and be quiet so they can ignore you. Once you start to inconvenience rich people, or god forbid cause the stock market to go down, real change will begin to happen.
Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#7One thought: US centric.
Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#8I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment. People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhood…
I know a few rich people. They basically want Trump to just shoot all the protesters. I don't see any message being received.
Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#9I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment. People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhood…
I know a few rich people. They basically want Trump to just shoot all the protesters. I don't see any message being received.
Agreed, I (unfortunately) know many of these people. They simply don't understand the problem, and do not want to empathize with "the other side".
It's worth trying to help others understand why people are angry. People need real help, police need to be held accountable, and we can't just keep shoveling cash into the pockets of the rich.
Re: Declining worker power vs. rising monopoly power: explaining recent macro trends
#10I think this plays into the current social unrest as well. People have been trying to separate the looters and protestors, but they seem to completely ignore the extreme inequality that exists throughout the US, especially in this period of high unemployment. People at the bottom have it bad, very bad. Being ignorant of that problem is just going to make it worse. Lashing out at fancy retailers in fancy neighbourhood…
I know a few rich people. They basically want Trump to just shoot all the protesters. I don't see any message being received.
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