Monday, December 31, 2018

"but, if you just rely on quantitative easing, wages will stay stagnant, and all the wealth will remain at the top."

right.

because wages have risen, historically, due to market forces - rather than union movements.

a strong economy is not a sufficient condition for distributive policies, but it is a necessary one. crashing the economy doesn't help anybody. but, we've lost the plot - which is that we need to fight for our wages and benefits, not leave it to the momentum of a regression analysis, which has been moving the other direction for far too long, anyways.

if we were to snap our fingers immediately, and democratize the workplace, and eliminate management, and redistribute the wealth, we would still need to keep creating very large amounts of money in order to keep pace with that redistribution, as well as compensate for population growth.

there's really no way out of this, and it's consequently a false choice.