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The long-run tendency for wealth to concentrate in a few hands
uk business review ^ | Sept 2021 | Helena Vieira

Posted on 09/18/2021 9:06:12 AM PDT by doug from upland

click here to read article


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To: ckilmer

“The main barrier to move up the economic scale these days is the education system.”

Not to attack you, but that’s not how I think of barriers. Education is certainly one thing that is in fashion as a barrier, but fashions rotate past over and over. And people can readily identify each reason things just won’t work out. But they never have the solutions due to only thinking about the problems.

The myriad normal problems like education are really just the stepping stones to be negotiated in order to move forward in every endeavor. They will always be with us. I have finally concluded the real barrier is never the system, the person, the economy, the president, the FED, the politicians (though they are getting better at being problematic), the family, the boss, the spouse or my astrological sign.

The problem is me, my fear of failure, my lack of searching out solutions when it’s so easy to see all the problems.


41 posted on 09/18/2021 12:56:13 PM PDT by SaxxonWoods ( comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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To: doug from upland

I’ve always said if we took all of the money from all of the rich and gave it to the poor and impoverished in our country….. that in 7 years it would all be back where it was taken from. And our country would have sold a bunch of tennis shoes and televisions


42 posted on 09/18/2021 1:01:22 PM PDT by kjam22
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To: SaxxonWoods

The barrier is complete moron’s that can barely read or write having kids. Those kids have no chance. Genetically or environmentally. It is what it is.


43 posted on 09/18/2021 1:03:24 PM PDT by kjam22
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To: SaxxonWoods

I agree that what holds people back is mostly themselves. At least here in the USA. But what I think he was getting at is the educational system that makes everyone a victim. Not many people are exposed to the basic knowledge that they can succeed anymore.

A bad education is worse than none at all.


44 posted on 09/18/2021 1:05:03 PM PDT by jimpick
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To: PeterPrinciple

Part of it could be due to financial manipulation and people or businesses with large amounts of money receiving the lowest interest rates, or in some cases being guaranteed not to fail by gifts from the public treasury (think 2008 “Too Big to Fail”). By keeping interest rates so low large companies can practically get money for free just as long as they turn a halfway decent margin.

This reminds us of Roman times when the Denarius was debased with non-precious metals while the real Denarius was issued to the ruling elite.


45 posted on 09/18/2021 1:28:01 PM PDT by packagingguy (Kit)
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To: ctdonath2

Ifcyou distributed all the money in the world evenly, years later most of those who were wealthy would be wealthy again and those who were poor would be poor again.


46 posted on 09/18/2021 1:29:56 PM PDT by BiglyCommentary
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To: packagingguy

The point is not the accumulation of wealth, the point is moving up and down the social economic ladder.

Decisions used to have consequences, whether good or bad, those have been removed.

We have missed the many small social/economic corrections


47 posted on 09/18/2021 2:02:59 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple

“Decisions used to have consequences, whether good or bad, those have been removed.”

That is perhaps the most succinct way of pointing out our socioeconomic problems I have seen to date.


48 posted on 09/18/2021 2:15:37 PM PDT by packagingguy (Kit)
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To: SaxxonWoods

The problem is me, my fear of failure, my lack of searching out solutions when it’s so easy to see all the problems.
/////
Yeah, I agree.

You can’t actually get ahead in the world until you understand that a.)the main problem is you. b.) you can actually change yourself little by little day by day over a lifetime. c)then you apply yourself to the project.

So that’s where I put my energy. I don’t put my energy in trying to fix the world. Well, except for one exception. I did write a education policy paper for newt gingrich last year. when we thought for a time president trump would have consecutive terms. At that point I proposed that
1. all federal loans to students needed their colleges to be cosigners of the loans.
2.) the certification program for accounting needed to extended to every other discipline. So that, no matter whether you were educated at harvard, a community school or at home—you had to have the certification to be credentialed with the certification for that field. That would solve the problem of grade inflation and reduce the relative advantage of prestigious schools—an outcome greatly needed as the quality of the education declines.
3.)IQ and EQ testing to help determine the range of occupations a for which a student would have the greatest aptitude.
4.)Link america’s three hundred year westward expansion to the coming expansion into space.
Then I had a maximum set of proposals—that is proposals to be included if the republicans won the house senate and white house.
These proposals included
1.)abolish teachers unions.
2.enable school voucher programs for all americans.
3.defund and decertify any college that teaches Critical Race Theory or Critical Theory.

I’ve since begun to think that some kind of broad application to the general public should be made for elon musk ad astra education program.

If the democrats succeed in changing the demographics and voting system in the USA sufficiently to keep republicans out of control of house senate in 2022 and control of the white house in 2024—then none of this will ever happen.


49 posted on 09/18/2021 6:35:12 PM PDT by ckilmer
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To: alexander_busek

You are correct. I know better.


50 posted on 09/18/2021 10:07:11 PM PDT by doug from upland (Why the hell isn't Hillary Rodham Clinton in prison yet?)
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To: kjam22
The barrier is complete moron’s that can barely read or write having kids. Those kids have no chance. Genetically or environmentally. It is what it is.

Ah, but if we insist on enough "equity" they will have wonderful chances to consume just as much as productive people.

51 posted on 09/20/2021 9:22:44 PM PDT by CurlyDave
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