40 Years of Class Warfare in One Chart.

[EdwardBaiamonte]

workers are told they are lucky to even have a job so stop whining about income disparity.

workers are told that with liberal unions, taxes, deficits, and 20 million illegals that there will be few jobs left and pressure to reduce wages

 

[ralfy]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes) will be concentrated among fewer people, with credit extended to consumers to ensure expanding markets. Eventually, physical limitations of the planet will kick in and limit that growth:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian

 

[Dad2three]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes) will be concentrated among fewer people, with credit extended to consumers to ensure expanding markets. Eventually, physical limitations of the planet will kick in and limit that growth:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian

Anyone ever to play the game monopoly know that. Unfortunately only mad men and economist think there is unlimited growth

 

[EdwardBaiamonte]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes)

dear we can all cut and paste millions of links. Do you have the IQ to make an argument yourself?

 

[Andylusion]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes) will be concentrated among fewer people, with credit extended to consumers to ensure expanding markets. Eventually, physical limitations of the planet will kick in and limit that growth:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian

When people make posts like this....

Are you suggesting that capitalism didn't exist BEFORE there were promissory notes? Because it did.

Second, are you suggesting that in some other, or any other, system that wealth would not be concentrated in with the few, and credit would not be extended to consumers? Because literally every single system since the dawn of human history, has had that.

As long as people have the choice to either invest their wealth, or consume their wealth, there will always be those who consume it and are poor, and those who invest it and are rich, and inherently, in every system since the dawn of time, as people invest and grow wealth, and others consume and grow poor, the results are wealth is concentrated in the hands of the few. That's the way it is, as a natural result, regardless of what economic system they operate under.

 

[Dad2three]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes) will be concentrated among fewer people, with credit extended to consumers to ensure expanding markets. Eventually, physical limitations of the planet will kick in and limit that growth:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian

When people make posts like this....

Are you suggesting that capitalism didn't exist BEFORE there were promissory notes? Because it did.

Second, are you suggesting that in some other, or any other, system that wealth would not be concentrated in with the few, and credit would not be extended to consumers? Because literally every single system since the dawn of human history, has had that.

As long as people have the choice to either invest their wealth, or consume their wealth, there will always be those who consume it and are poor, and those who invest it and are rich, and inherently, in every system since the dawn of time, as people invest and grow wealth, and others consume and grow poor, the results are wealth is concentrated in the hands of the few. That's the way it is, as a natural result, regardless of what economic system they operate under.

WAGE STAGNATION,RISING INEQUALITY AND THE FINANCIAL CRISIS OF 2008 Jon D. Wisman

ABSTRACT:


The most widely embraced explanations of the financial crisis of 2008 have centered upon inadequate regulation stemming from laissez-faire ideology, combined with low interest rates.


Although these widely acknowledged causal factors are true, beneath them lie deeper
determining forces that have received less notice :

wage stagnation and a dramatic increase in inequality in the U.S. over the preceding 35 years.Wage stagnation and heightened inequality generated three dynamics that made the economy vulnerable to systemic dysfunction

The first is that they constrained consumption, reducing profitable investment potential in the real economy, and thereby encouraging an every wealthier elite to flood financial
markets with credit, helping keep interest rates low, encouraging the creation of new credit instruments andgreater in debtedness and fueling speculation
.
The second dynamic is that consumption externalities were generated, forcing individuals to struggle harder to find ways to maintain the welfare of their families and maintain their relative social status. The consequence was thatover the preceding three decades household saving rates plummeted, households took on ever greater debt, and worked longer hours
.
The third dynamicis that ,was the rich took larger shares of income and wealth, they gained more command over ideology and hence politics. Reducing the size of government,cutting taxes on the rich and reducing welfare for the poor,deregulating
the economy, and failing to regulate

https://www.american.edu/cas/economics/pdf/upload/2012-1.pdf


NOTE ANYTHING ON THESE GRAPHS AROUND 1981??

 

[EdwardBaiamonte]

WAGE STAGNATION,RISING

not in China where liberal unions, taxes, and deficits have shipped all the jobs

 

[Dad2three]

WAGE STAGNATION,RISING

not in China where liberal unions, taxes, and deficits have shipped all the jobs

Conservative ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above

 

[EdwardBaiamonte]

WAGE STAGNATION,RISING

not in China where liberal unions, taxes, and deficits have shipped all the jobs

Conservative ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above

dear do you think there is wage stagnation in China where liberals have been shipping our jobs thanks to their unions taxes and deficits?????????.

 

[Andylusion]

WAGE STAGNATION,RISING

not in China where liberal unions, taxes, and deficits have shipped all the jobs

Conservative ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above

dear do you think there is wage stagnation in China where liberals have been shipping our jobs thanks to their unions taxes and deficits?????????.

Actually there isn't even wage stagnation here.
That's a myth.

When you account for all the taxes, and government programs, and transfers, as well as the change in the normal American household.... wages are not stagnant. At least not yet.

 

[ralfy]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes) will be concentrated among fewer people, with credit extended to consumers to ensure expanding markets. Eventually, physical limitations of the planet will kick in and limit that growth:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian

When people make posts like this....

Are you suggesting that capitalism didn't exist BEFORE there were promissory notes? Because it did.

Second, are you suggesting that in some other, or any other, system that wealth would not be concentrated in with the few, and credit would not be extended to consumers? Because literally every single system since the dawn of human history, has had that.

As long as people have the choice to either invest their wealth, or consume their wealth, there will always be those who consume it and are poor, and those who invest it and are rich, and inherently, in every system since the dawn of time, as people invest and grow wealth, and others consume and grow poor, the results are wealth is concentrated in the hands of the few. That's the way it is, as a natural result, regardless of what economic system they operate under.

I am not suggesting any of that because it won't matter, as my argument still stands.

 

[Andylusion]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes) will be concentrated among fewer people, with credit extended to consumers to ensure expanding markets. Eventually, physical limitations of the planet will kick in and limit that growth:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian

When people make posts like this....

Are you suggesting that capitalism didn't exist BEFORE there were promissory notes? Because it did.

Second, are you suggesting that in some other, or any other, system that wealth would not be concentrated in with the few, and credit would not be extended to consumers? Because literally every single system since the dawn of human history, has had that.

As long as people have the choice to either invest their wealth, or consume their wealth, there will always be those who consume it and are poor, and those who invest it and are rich, and inherently, in every system since the dawn of time, as people invest and grow wealth, and others consume and grow poor, the results are wealth is concentrated in the hands of the few. That's the way it is, as a natural result, regardless of what economic system they operate under.

I am not suggesting any of that because it won't matter, as my argument still stands.

Then I'm not sure what the point of the statement was. This stop sign is red. Yes, all stop signs are red. True, but this one is red, and my argument stands.

Well yeah... but you don't have an argument. If all systems have this attribute, then pointing out that this specific system has this attribute, is ... true... but irrelevant.

 

[EdwardBaiamonte]

WAGE STAGNATION,RISING

not in China where liberal unions, taxes, and deficits have shipped all the jobs

Conservative ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above

dear do you think there is wage stagnation in China where liberals have been shipping our jobs thanks to their unions taxes and deficits?????????.

Actually there isn't even wage stagnation here.
That's a myth.

When you account for all the taxes, and government programs, and transfers, as well as the change in the normal American household.... wages are not stagnant. At least not yet.

well, from Bush 43 through Obama govt spending has gone up $40,000 per household. In reality Republican capitalism made us all rich but then liberals stole the money.

 

[initforme]

Too stupid and conservative, Republican capitalism screwed the middle class and lower class and made the rich uber uber wealthy. In the meantime they cried "foul" when people started to question why they shouldn't earn a little more. Heaven forbid You have no right to ask for more in wages, you should be happy with what you make now. Another empty rhetoric is "there are too many regulations" or "taxes are too high" while laughing behind everyone backs as the uber wealthy cash in big time. It doesn't take a rocket scientist to figure the fallacies out.. Meanwhile the poor slobs in China work for $10 an hour and think they are doing well when in fact...

 

[EdwardBaiamonte]

You have no right to ask for more in wages, you should be happy with what you make now. .

dear, everyone is 100% free to ask for higher wages and to accept them in peaceful voluntary relationships ? You didn't know that?? See why we say, slow??

 

[EdwardBaiamonte]

the uber wealthy cash in big time. ..

dear, the top1% pay 40% of all federal income taxes up ffrom 20% under Reagan. How is that cashing in big time??? See why we say slow?

 

[EdwardBaiamonte]

Meanwhile the poor slobs in China work for $10 an hour and think they are doing well when in fact...

actually about $2/hour and are getting rich compared to the 60 million who slowly starved to death due to liberal interference it the chinese economy.

 

[Andylusion]

Too stupid and conservative, Republican capitalism screwed the middle class and lower class and made the rich uber uber wealthy. In the meantime they cried "foul" when people started to question why they shouldn't earn a little more. Heaven forbid You have no right to ask for more in wages, you should be happy with what you make now. Another empty rhetoric is "there are too many regulations" or "taxes are too high" while laughing behind everyone backs as the uber wealthy cash in big time. It doesn't take a rocket scientist to figure the fallacies out.. Meanwhile the poor slobs in China work for $10 an hour and think they are doing well when in fact...

You live in the most wealthy country in the world, with an average standard of living, greater than that of most of the planet, including dozens of countries that have existed, and grown for literally thousands of years longer than the US.

Think about that.... Our system, allowed our people to build, and grow a standard of living in just 200 years, that is greater than the standard of living in countries that have existed for thousands of year.

Do you realize that if you earn just $32K a year.... literally less money than a truck driver... you are the top 1% of wage earners in the entire world?

You *ARE* the 1%.

So of our poorest working people, live standards of living, that is greater than the middles class of most of the planet.

So when you say why are the right-leaning people against changing the system, that has given us the most wealthy country in the world, with the highest standard of living in the world.... than answer is..... because the only change we could adopt from here, would lower us. That's what you advocate. When you advocate changing to a system used elsewhere, you advocate screwing the country over. Yeah.... we tend to be against that. It's not shocking.

 

[ralfy]

It is inevitable in capitalist systems that increasing wealth (essentially, promissory notes) will be concentrated among fewer people, with credit extended to consumers to ensure expanding markets. Eventually, physical limitations of the planet will kick in and limit that growth:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian

When people make posts like this....

Are you suggesting that capitalism didn't exist BEFORE there were promissory notes? Because it did.

Second, are you suggesting that in some other, or any other, system that wealth would not be concentrated in with the few, and credit would not be extended to consumers? Because literally every single system since the dawn of human history, has had that.

As long as people have the choice to either invest their wealth, or consume their wealth, there will always be those who consume it and are poor, and those who invest it and are rich, and inherently, in every system since the dawn of time, as people invest and grow wealth, and others consume and grow poor, the results are wealth is concentrated in the hands of the few. That's the way it is, as a natural result, regardless of what economic system they operate under.

I am not suggesting any of that because it won't matter, as my argument still stands.

Then I'm not sure what the point of the statement was. This stop sign is red. Yes, all stop signs are red. True, but this one is red, and my argument stands.

Well yeah... but you don't have an argument. If all systems have this attribute, then pointing out that this specific system has this attribute, is ... true... but irrelevant.

Except that these attributes exist only with growing levels of material resources and energy, something that obviously not possible in a world with physical limitations. For more details, read

40 Years of Class Warfare in One Chart. Page 18 US Message Board - Political Discussion Forum

 

[ralfy]

Too stupid and conservative, Republican capitalism screwed the middle class and lower class and made the rich uber uber wealthy. In the meantime they cried "foul" when people started to question why they shouldn't earn a little more. Heaven forbid You have no right to ask for more in wages, you should be happy with what you make now. Another empty rhetoric is "there are too many regulations" or "taxes are too high" while laughing behind everyone backs as the uber wealthy cash in big time. It doesn't take a rocket scientist to figure the fallacies out.. Meanwhile the poor slobs in China work for $10 an hour and think they are doing well when in fact...

You live in the most wealthy country in the world, with an average standard of living, greater than that of most of the planet, including dozens of countries that have existed, and grown for literally thousands of years longer than the US.

Think about that.... Our system, allowed our people to build, and grow a standard of living in just 200 years, that is greater than the standard of living in countries that have existed for thousands of year.

Do you realize that if you earn just $32K a year.... literally less money than a truck driver... you are the top 1% of wage earners in the entire world?

You *ARE* the 1%.

So of our poorest working people, live standards of living, that is greater than the middles class of most of the planet.

So when you say why are the right-leaning people against changing the system, that has given us the most wealthy country in the world, with the highest standard of living in the world.... than answer is..... because the only change we could adopt from here, would lower us. That's what you advocate. When you advocate changing to a system used elsewhere, you advocate screwing the country over. Yeah.... we tend to be against that. It's not shocking.

Much of that wealth consists of numbers in hard drives, is essentially debt, controlled by a very small number of people:

Revealed the capitalist network that runs the world - physics-math - 19 October 2011 - New Scientist

and ultimately dependent on increasing amounts of material resources and energy to maintain its importance.

In addition, such living standards can only be maintained if businesses are able to sell to a growing global consumer market:

The rise of the global middle class - BBC News

which is not likely given a world with physical limitations:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian