Advice on how to survive late capitalism
: "Your life is sold to serve an economy that does not serve your life. You don’t seem to be entertained, Bank-robbin’; your white-hot rage festers. It probably doesn’t help that you live in Brooklyn—this place where in the last ten years rent has spiked 77 percent while real median income has dropped, where the rich (the top 10 percent of earners who, as is well known, control 80 percent of the wealth) and their children live right on top of some of the worst poverty known to this country, while 20 percent of Brooklynites survive somehow below the poverty level, such that the widening income and wealth gap becomes achingly visible here. I could advise you to leave Brooklyn. But I don’t want you to leave Brooklyn."
A society where the lucky few reap prodigious financial rewards is one where many will fall short of their dreams through no fault of their own. We must insure all people against disability, against sickness, against hunger, and against homelessness.
I realize that these things cost money. I believe that the costs of building and maintaining a great country should be shared by all of us, beginning with the people who benefit the most from our society. I believe that people like me (and people who are far wealthier) should pay more in taxes.
So-called "job creator" acknowledges that he lives in a society and owes a debt to it, as a response to (seemingly in agreement with) a satirical Job Creator Manifesto
published in the Washington Post. [more inside]
We're All State Capitalists Now
'No, according to some commentators, the contest between the two Asian superpowers is also fundamentally a contest between economic models: market capitalism vs. state capitalism.' [more inside]