How can you have a 'tide that raises all boats' and keep inflation down at the same time? If everyone who is making 20k a year suddenly made 30k a year, there would be inflation. If there is low inflation, it means that demand is stable, that no one is becoming capable of purchasing more, which means that class is stable and that there is no social mobility.
Then the question this leads to, how can Capitalism claim to be about what's best for anyone besides the upper classes? Why does anyone believe in something like 'trickle down' theory? Isn't it really 'crumbs from the table to ensure the fortunes of the wealthy?'
And if social mobility is on the decrease and the wealthy are rigging society for themselves, why aren't more people angry? Is it just that America is intellectually decadent and thus incapable of understanding what is happening to them, or do people not mind because of some other reason?
2006-10-10
03:02:50
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8 answers
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asked by
Jeremy
2
in
Economics