| ▲ | epistasis 6 hours ago |
| I would say aversion to allowing economic growth is the true cause of inequality. It creates austerity which means the wealthy do just fine while those with less suffer and overpay and transfer what little they do have to the wealthy. Degrowth is a fundamentally unequal program which causes massive inequality and suffering. Only with growth does power lessen for those with the most. |
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| ▲ | majormajor 6 hours ago | parent | next [-] |
| > I would say aversion to allowing economic growth is the true cause of inequality. What is this supposed to be implying and how do you square it with the massive amount of money being poured into "disruption" and VC investment, etc, in the US? Where is degrowth being practiced at scale, and how has that caused more of a divergence between the wealthy and the rest than the opposite pro-economic-growth, pro-efficiency policies that brought us Walmart, Amazon, etc and happily shit-canned all the displaced workers from the less-efficient-but-more-evenly-distributed businesses they replaced? |
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| ▲ | majormajor 6 hours ago | parent [-] | | A bit more specifics, to follow up: GDP growth rate, for instance, in the US doesn't have a significant inflection point around Reaganomics and its increases in deficit spending + "pro-growth" lowering of tax rates on the wealthy. We've never really gone away from that philosophy despite not seeing increases in growth + seeing a LOT of increases in inequality and the elites thriving while everyone else gets squeezed. Perhaps "growth" is driven primarily by cultural and technological factors (especially the latter!) and inequality is driven primarily by whether or not a population has the balls to say "even if economies of scale suggest that wealth will concentrate in big mega-players, we want to fight that"? And the US had the will to do that 90 years ago, but was successfully brainwashed into giving up on it *despite the 50s in particular being still seen even by those on the right as a "golden age" of both growth and "everyman" quality of life? If the PC revolution had started seven years earlier and the Iranian revolution had occurred seven years later how would our views of Carter vs Reagan (or some other Republican in 1984 instead) change? But which of those things did they actually cause personally? |
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| ▲ | WalterBright 3 hours ago | parent | prev | next [-] |
| > aversion to allowing economic growth is the true cause of inequality. Inequality is the result of allowing economic growth, i.e. freedom. |
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| ▲ | folkrav 5 hours ago | parent | prev | next [-] |
| Growth only lessens their power if it benefits those without, which, even by the most optimistic takes, hasn't really happened since at least the 80s. |
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| ▲ | xboxnolifes 6 hours ago | parent | prev | next [-] |
| I don't see aversion to growth. I see aversion to filling to pockets of the top 0.1% at the expense of the bottom 90%. A rising tide raising all ships sounds great and all, until you notice the tide seems to only be rising on one side. |
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| ▲ | epistasis 3 hours ago | parent | next [-] | | I see people who are comfortable and prioritize their needs, and ignore those with less, as if they don't matter and don't affect them. They cover up this disdain for those with less by trying to focus on the 0.1%, but stopping that apartment building doesn't stop the 0.1% from making money, they just invest in something else, so any concern about trying to stop the 0.1% is clearly fake. | |
| ▲ | WalterBright 3 hours ago | parent | prev [-] | | Whose pockets did Musk loot in order to amass $1 trillion? |
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| ▲ | cucumber3732842 6 hours ago | parent | prev [-] |
| >I would say aversion to allowing economic growth is the true cause of inequality. People say that right up until someone wants to do something and then it's all "not in my back yard" and "won't somebody think of Alex Jones and his gay frogs" or whatever their line is. I'd say nobody is willing to put their money where their mouth is but it's not money. They'd made more money with growth. It's speculative bullshit "what ifs" that could be mopped up easily if they happened. The problem is people's beliefs, ideology, religion, whatever you want to call it. |
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| ▲ | epistasis 3 hours ago | parent [-] | | I think the direction goes the other way, people are NIMBYs so they come up with reasons to justify why it's OK to block other people from living close to them. The idea "oh but a richer person than me benefits" becomes the reason for blocking housing, eliding the fact that a poorer person benefits, the true thing the NIMBYs try to prevent. At least, that's true in my area. People that already have housing, are comfortable, start to rail against all this economic growth and say that we should block all change to buildings to prevent it. Anybody who is actually serious about providing more opportunity to those with less realized that we need more housing, where the jobs are. It's the homeowners and well-established that pursue degrowth and austerity. | | |
| ▲ | trimethylpurine 3 hours ago | parent [-] | | When they build apartments to increase the density the prices don't go down on the dense units. The builder sets the price and he is his own competition because an appraisal requires just 3 comps. He has 250 comps in his pocket because he built and set their price. The only thing it does to be anti "NIMBY" is aid in unchecked price hikes on "low cost" high density housing that none of us can afford. |
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