This book is great at seriously making you think about how to world works, why, and if that's the way you truly want it to function. I didn't agree with everything this author wrote, but I've pondered and want to implement much of it.
- "There is one group in particular that has a very strong interest in promoting the belief that class doesn't exist, the very rich and the super rich. Because if you can make the vast majority of a population believe that class no longer plays a significant role in their social and political lives, then there is no need for class struggle, redistribution of wealth and a fundamental revision of the social contract."
- "Person 1: Do you know how America's class system works? Person 2: America has a class system? Person 1: Yes, that's how it works!"
- "Economic inequality hinders productivity and grown through various mechanisms. It means that children and teenagers grow up without the support and opportunities to realize their full economic potential. It harms social mobility, which in turn, hinders innovation and the stagnation of all except the rich and super rich goes hand in hand with decreasing consumer demand that could otherwise help grow the economy. You might thing that given all this evidence, the idea of trickledown economics would have disappeared by now. Sadly, this is not the case."
- "... when we look at global poverty statistics, which showed us that in reality living standards for the most vulnerable have only improved a little, while for the very richest, they have improved a lot. The people at Davos and the WEF are the same people who keep insisting that we consider the question of weather everyone is better off than they were before instead of asking, 'Why were the gains from globalization distributed so unequally and who go to decide?' "
- "Between 1978 and 2021, American CEO compensation grew by 1,460%, whereas the compensation of the typical worker increased by just 18% in the same period."
No comments:
Post a Comment