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Robert Reich: Ending the Global "Race to the Bottom" (Original Post) limpyhobbler Jun 2013 OP
R.R. is way too sensible. He has recognized the greed but it is just that snappyturtle Jun 2013 #1
I'd like to hear a discussion on that question: "Do we need the 1%?" tclambert Jun 2013 #2
Very good idea - leave them out of it all. Awknid Jun 2013 #3
Something to consider... AAO Jun 2013 #4
It will never work if you leave all that wealth in power in the hands of CEOs and board of directors fasttense Jun 2013 #5
yes I absolutely agree. limpyhobbler Jun 2013 #6

snappyturtle

(14,656 posts)
1. R.R. is way too sensible. He has recognized the greed but it is just that
Wed Jun 5, 2013, 07:19 PM
Jun 2013

that we are up against. I believe the99% needs to learn to live without
the 1%. Form our own sub-culture and shun the 1%. Shunning is an
effective social tool. It will take a long time but then it took several
decades to get to our present state. imho

tclambert

(11,087 posts)
2. I'd like to hear a discussion on that question: "Do we need the 1%?"
Wed Jun 5, 2013, 08:49 PM
Jun 2013

The 1% thinks we do. They think they provide the indispensable service of running the world for all the rest of us.

But if they disappeared, couldn't the 99% run the world just fine? Would it really hurt the state of the world or the world economy if the income and assets of the 1% became the property of everybody else? And if the world would function just fine, or even better, without them, doesn't that mean that the 1% are just worthless parasites living off the rest of the population?

If the richest 3 million Americans all caught some super-virus (presumably transmitted via handling huge amounts of money) and fell into comas or died, would society unravel? Would the economy fall into chaos? Would we even notice? If not, then society is paying an awful lot of money for not much in return.

Awknid

(381 posts)
3. Very good idea - leave them out of it all.
Wed Jun 5, 2013, 09:18 PM
Jun 2013

But I doubt they would leave us alone. They would want more and would want to use us 99%ers get it. Many people with that kind of dough are pretty twisted and live to manipulate others.

 

fasttense

(17,301 posts)
5. It will never work if you leave all that wealth in power in the hands of CEOs and board of directors
Thu Jun 6, 2013, 09:16 AM
Jun 2013

It sounds good. Robert Reich obviously sees what the problems are with the race to accommodate corporations. But as long as the same corporations have the wealth from the labor they hire at rock bottom prices, they will continue to buy up governments and politicians. Corporate wealth must be taken out of their hands and put into the hands of the people who are doing the work. We must introduce democracy to the workplace and get rid of capitalism for the race to the bottom to end.

limpyhobbler

(8,244 posts)
6. yes I absolutely agree.
Thu Jun 6, 2013, 03:58 PM
Jun 2013

Personally I'd like to end capitalism and introduce actual democracy. I like the liberal economists though too: Reich, Krugman, Stiglitz, etc. because much of their analysis is correct and it would be better than what we have now. Rick Wolff is more my speed.
Thanks for the good point!

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