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comment by am_Unition
am_Unition  ·  344 days ago  ·  link  ·    ·  parent  ·  post: Our broken economy in one simple chart

I've thought about buying an entire journal's worth of pages to make a flipbook (and make a statement).

Anyway, Piketty pretty much explicitly warned the wealthy of their impending doom in Capital, no? Surely, Trump is the populist movement's messiah that will equalize the wealth gap. #/s

Ugh, I can't exercise this much anymore, I get wayyyyyyy too salty.

kleinbl00  ·  344 days ago  ·  link  ·  

Piketty explicitly warned the middle class that they were an endangered species, a fragile thing that erupted to life in the wake of the French Revolution, had a brief boost of life after WWII but are historically an anomaly, a discontinuity in the general social order of very, very few rentier and an undifferentiated sea of nasty/brutish/short serfdom.

Up until 1861, the Russians could buy and sell 90% of their population.

am_Unition  ·  344 days ago  ·  link  ·  

I thought there was a hint or two of "Lock your mansions, the masses could potentially mobilize if you guys aren't prudent" kind of thing?

kleinbl00  ·  344 days ago  ·  link  ·  

No, it's much more depressing than that. It's an economics book, not a politics book and its argument is basically "the only time the poor and middle class claw back any money from the rich is during times of great social upheaval and war."

It basically argues that if you aren't busy getting rich, you're getting poor.

tacocat  ·  344 days ago  ·  link  ·  

I'm not an Ayn Rand expert or anything, but is Trump not unlike the ultimate objectivist hero? Kinda close maybe?

am_Unition  ·  344 days ago  ·  link  ·  

Anyone who claps for themselves while walking to a podium is a goddamned hero, yes.

Odder  ·  344 days ago  ·  link  ·  

Trump is either an objectivist hero or an objectivist villain, depending both on your opinion of Donald Trump and your opinion of Ayn Rand.

Objectivism isn't a coherent enough philosophy to really say one way or the other.

tacocat  ·  344 days ago  ·  link  ·  

I just consider it a synonym for selfishness and if I predict I will have to defend that, I try to gently redirect the conversation.