Comment by booleanbetrayal
3 hours ago
I am wondering what you call consumption that feeds $499 designer margins on polyester like that, while so many people can barely afford to scrape by day to day.
3 hours ago
I am wondering what you call consumption that feeds $499 designer margins on polyester like that, while so many people can barely afford to scrape by day to day.
Income inequality is a phrase that pathologizes what appears to be a universal truth. In all types of economic and political systems (after we left the forest, and probably while we were still in the forest), some people have been desperately poor while other people are not. What would be interesting is a single counterexample of sustained "income equality."
That said, our current degree of inequality and the particular way it is distributed seems to be unusual and remarkable. But pointing to someone having a hard time is, IMO, not a critique of that.
Yes, yes ... It's the same as it ever was, only so much more so!
Beyond just critiquing the disparity here, I feel like the psychology that treats capital in such a frivolous way, shifting it about already privileged pockets of society, rather than apply it to any sort of material good is rather abhorrent. That's just my take.