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Inequality Fuels Financial Crisis?
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Steve Keen considers the following as important:
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Inequality Fuels Financial Crisis?
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Inequality Fuels Financial Crisis? |
Haters are gonna hate😂😂😂😂
Poor economic performance is driving inequality. Every year more and more regulations. Every year inequality increases.
Regulations create a barrier to entry for entrepreneurs. This leads to more and more monopolization which lowers wages and increases prices. This gives the corporations more and more profit, which is why they lobby for more and more regulations
lol
@@jinkerGM this is no joke
When you asset strip the workers to pay the socialist pension ponzi, you get inequality
@@InventiveHarvest You are completely correct. Regulations suit large corporations because they stifle competitors, and they suit bureaucracies, because more people get hired to do increasingly useless work. Inequality is not the cause, but the outcome of this process, but the left reverses cause and effect, which exacerbates the problem. It is a classical vicious circle!
I'll wager the inequality has a direct and demonsrtable correlation to financial education. Analyze your spending as to needs and wants, and you'll se a path to a better financial position.
So inequality is not related to income?
When you asset strip the workers to pay the socialist pension ponzi, you get inequality
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Direct correlation with the amount of pension debts.
@@ThomasVWorm What do you mean by 'related.' That is far too open-ended to be treated seriously.
In part, but the fact that laws and the way government runs favors those with money is a major problem.
@@Gumardee_coins_and_banknotes The issue is with the state's pension debts. Unfunded, which means no assets, just debts.
So when stock prices increase, the workers are denied the benefit. They have been asset stripped. They are just on the hook for the debt [austerity] or for the defaults such as the heating allowance [another form of austerity].
When people talk at the level of catch phrae and narrative you know they arent diacussing reality.
One reason is globalism. Manufacturing has been able to move jobs to areas with the lowest wages. This works like a wealth drain in those areas that originally benefitted from the manufacturing. The U.S rust belt is an example of the consequences. The consumers that lost jobs to globalism traded those jobs for cheaper products.
Higher private debt levels lead to lower economic growth and more inequality as the rich will be the owners of the debt instruments.
When you asset strip the workers to pay the socialist pension ponzi, you get inequality
How many trillions of pension debts are there?
It's hard to make a science out of arbitrary rules. Good job Steve!
Don't worry, the poor are waiting for you.
Did you notice how Gini income inequality went down during the Trump administration? It was because he de-regulated the market.