Rusty Messages: 1430 Registered: May 2018 Location: Kansas City Missouri
Illuminati (3rd Degree)
I could only go for so long here before starting up my true Dungeon nature by posting some subject calling attention to these times we live.
I like this young blogger for his thoroughness with his analysis. Which with this subject counters the usual articles put out on what our country's economic status is. I think that is typical of many subjects in the news too.
Here Ben Norton goes over objectively with our economy with a healthy dose of interpreting data unadulterated with cherry picking. Most Americans are not wealthy. That's the 90% of the population. If you make it through this blogs lengthy presentation, you'll get an idea of how we really fare with the rest of the world. Our healthcare system, rent, insurance, child care and so many other metrics of modern living are what drags our cost of living down with other nations that may surprise some.
My favorite chart he shows is one showing the wealth of the .00001% that owns 12% of the total income in the US. But it's the time period of the late 40's to the 1980's when Neoliberalism took over from Keynesianism showing the Golden Period of American prosperity for most people. We baby boomers know of it, grew up in it. And now our young generation is not part of the once American Dream.
I think our country has lost its principles when it eschewed our manufacturing and industry away to maximize profit. And our economic system became financialized and service oriented. Its made us weak and dependent and loaded down with debt. The rest of the once 3rd world as was known is the manufacturing centers now. Their standard of living is rising. Our's is declining. You wouldn't know that reading and listening to corporate media though.
This is why I like alternative media. There's no editorial board to tailor the truth.
Ben Norton, Geopolitical Economy Report:
gofar99 Messages: 2034 Registered: May 2010 Location: Southern Arizona
Illuminati (5th Degree)
Hi, I agree. Our image of ourselves and place in the world is seriously flawed. As a "boomer" I am doing rather well. My daughters and their families are not.
Wayne Parham Messages: 19061 Registered: January 2001
Illuminati (33rd Degree)
The mathematics of scale-free networks could be used to determine when to manage resources of any organization. Preferential attachment is natural, but it is also dangerous. It puts too much emphasis on too few nodes. Using scale-free network analysis could be used as a modernization of anti-trust laws.
Rusty Messages: 1430 Registered: May 2018 Location: Kansas City Missouri
Illuminati (3rd Degree)
Our country's founders wisely incorporated a separation of church and state for determining how to legislate in behalf of the people. At this point in time of our nation, judging from the graph showing the wealth distribution in our nation from such a tiny fraction of our population. Incorporating a separation of wealth and state could wisely promote legislation also in behalf of the people. The majority. And the ones in our nation that currently have little say in what favors the minority.
That would also preclude extricating our legislative process towards following a revised economic doctrine. As also evident from that same graph from when the Neoliberal financialized economics was established. Adapting to an economic doctrine that has allowed over time for wealth to influence our legislative process.
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