I was thinking yesterday.
Right now we have a system that allows the uber-wealthy to take enormous risks with our economy. When they lose, they are sheltered from the consequences (golden parachute anyone?) and the working class suffers. We need to create a different system where the wealthy are allowed to take enormous risks with their own money, but the working class is protected from the fallout.
Also:
In a market-based economy, money determines value in the absolute sense. The United States is an example of a market-based economy. In the United States, 10% of people have most of the money. Therefore, 10% of the people largely determine value.
Neither of these statements is profound. They are actually rather banal. I just saw them in new light last night. Who would purposely propose and adopt such a system?
Showing posts with label of by and for the people. Show all posts
Showing posts with label of by and for the people. Show all posts
Thursday, January 27, 2011
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