Tag Archives: social mobility

Training first-world children for a third-world life. Must-read. Colonizing the home country. It's a recipe for revolt — or imposition of a totalitarian state to preclude it, which is already well in progress. The flying the ointment may be representative democracy, where the dispossessed majority, facing no hope, elect a "populist" government. That could go many ways., especially is resentment is elevated. INETThe Corporate Plan to Groom U.S. Kids for Servitude by Wiping Out Public...

Hat tip Lambert Strether at Naked Capitalism. Bruce Boghosian runs the numbers and shows that without redistribution of wealth, the rich get richer and everyone else gets poorer… Using a mathematical model devised to mimic a simplified version of the free market, he and colleagues are finding that, without redistribution, wealth becomes increasingly more concentrated, and inequality grows until almost all assets are held by an extremely small percent of people. “Our work refutes the idea...

Class again. It affects everything. Stumbling and Mumbling The Social Mobility Lie Chris Dillow | Investors Chronicle