There have been a smattering of wealth inequality/economics articles lately: THREE GREAT ARTICLES ON POVERTY, AND WHY I DISAGREE WITH ALL OF THEM Economics Has Failed America Scott goes on about the unrealistic expectations of trying to teach everyone high-IQ skills, when biology imposes barriers to such hopes: The QZ article warns that it might… Continue reading Jobs, Basic Income, Post Scarcity, and all that Jazz
Tag: wealth inequality
The Wealth Inequality Obsession
There have been more articles than usual about social science issues such as wealth inequality, ‘the 1%’, student loans, offshoring wealth, and so on. I counted ten such articles on Hacker News in the past week alone, all of them viral: Wealth doesn’t trickle down – it just floods offshore, research reveals (2012) The 1%… Continue reading The Wealth Inequality Obsession
Web 2.0 & the Economy: It’s Different This Time, Part 2
In the past month, there have been a plethora of doom and gloom articles about web 2.0, Silicon Valley, the economy, and start-ups. In this series, I address some of the major concerns, arguing that perhaps the negativity is not all warranted. Part 1 From Amerika.org: The coming dot-com 3.0 collapse: Google, Apple, Facebook, Amazon… Continue reading Web 2.0 & the Economy: It’s Different This Time, Part 2
Re: Wealth Inequality
Paul Graham’s wealth inequality essay is generating considerable discussion. Seth Bannon rebuts, How Paul Graham gets it wrong in “Economic Inequality, arguing that Graham is attacking a straw man; however, Seth Bannon fails to actually make a substantive case that wealth inequality is bad for the economy. In the essay, his overarching point seems to… Continue reading Re: Wealth Inequality
Paul Graham: Economic Inequality and The Refragmentation
Tech VC heavyweight and hugely influential blogger Paul Graham posted two new essays: “Economic Inequality” “The Refragmentation” These essays are almost the same in that they deal with trends and paradigm shifts affecting post-2008 America, specifically about society, capitalism, start-ups, and wealth inequality. The meta-discussion is almost as interesting as the topic itself. These essay… Continue reading Paul Graham: Economic Inequality and The Refragmentation
Wealth Inequality Not a Big Concern
‘Capitalism, Tradition and Traditionalism’ – An Overview . The Reactionary sees no problem with wealth inequality, which reflects differences of aptitude, however the people at large will be prone to complaints of wealth inequality if their entire world is centered around capital, that which they may be unsuccessful at accumulating. Marx himself said that communism… Continue reading Wealth Inequality Not a Big Concern
Debunking More Wealth Inequality BS
Income inequality’s sick joke: A rising tide only lifts luxury yachts Well, no kidding; if you take a chunk of wealth from the rich and give it to the poor, the poor will indeed see an immediate rise in wealth and sending power, but is that the best approach to economic policy? Or will spreading… Continue reading Debunking More Wealth Inequality BS
More Bullshit by Business Insider
The prophets of doom are at it again, this time with yet another beseeching article about how rising consumer spending cannot coexist with falling income. Consumer spending is around all-time highs as a share of U.S. GDP, while labour income is at multidecade lows, he explained. “This has been wonderful for corporates: consumer spending boosts… Continue reading More Bullshit by Business Insider