RRRG
Robert ReichSay it with me: To control inflation, we must take aim at corporate profits, not working people.
SSFC KDT (MOVED)@rbreich The economic ratchet effect strikes again
Pressure makes prices go up, reducing pressure does *not* make prices go down.
Pressure makes wages go down, reducing pressure does *not* make wages go up.
@rbreich (thus, the "ratchet effect" -- wall street and main street are connected by two racks and a ratchet. when main street does well, wall street does well, but when wall street does well, main street does not necessarily do well, because the ratchet stops the distance between the two from contracting, only expanding.)
Marxist Freemason@rbreich sadly the news that's supposed to inform people is kept behind paywalls & other barriers. This is by design, not serendipity
2xfo@rbreich
We need a maximum income. 100% tax bracket
We need a maximum income. 100% tax bracket
Cassandrich
Ginnikin
Krister Renaud@rbreich that would be great, but how can it be done in your opinion?
Megan Thomas
Oblomov
Extinction (our fate)@rbreich We need to include housing in the inflation figures. And we need ways to regulate housing across the nation so rents are affordable for all. That includes regulating the size of buildable homes, who profits from housing developments, and how much.
LisPi@aka_quant_noir @rbreich Also allowing #MixedUse & the #MissingMiddle again.
Tan_Hana_Dharma_Mangrwa
Miragee@rbreich Watched the new FrontlinePBS last night. Whoooo boy! Was they eye-opening!😳
MBV ⚜️@rbreich hehe, love the usual provocative thoughts!
Capitalism by definition will always reward capital before labor. On to laborism, then?
Capitalism by definition will always reward capital before labor. On to laborism, then?
Tim Locke 🇨🇦♥🇺🇦🏳️🌈🏳️⚧️@melchiorbv @rbreich Worker cooperatives?
@timlocke @melchiorbv @rbreich
Not sure if worker cooperatives can apply to the whole economy!
But it is an interesting lead
Not sure if worker cooperatives can apply to the whole economy!
But it is an interesting lead
@melchiorbv @rbreich Mondragon is a big chunk of the economy in Basque, Spain with over 80,000 workers. Democracy isn't just for governments but also for workplaces.
@timlocke @melchiorbv @rbreich
Fair - but at the same time, i doubt that the Basque country is a diversified economy of the magnitude of a country like the US, Canada
Fair - but at the same time, i doubt that the Basque country is a diversified economy of the magnitude of a country like the US, Canada
M@rbreich , just imagine what more we could do if the banks would not take so much from us during all our lives! It is not real money what we borrow, but we pay as it is. The economy would flourish with all the extra cash invested locally.
bassplayer@rbreich I would much rather bust up the monopolies. More people fighting for the same amount of profit is a win for us. Also maybe not print a boat load of money so the money we hold does not get devauled. If only there was a currency that the fed can't manipulate or the banks control. Oh wait there is, it's called BTC
Robin from Colorado 🇺🇸🇺🇦@rbreich and make Larry Summers shut up. What is wrong with him? 😂
Nutriamix@rbreich
To do that, we need a Fed that actually understands the cause of inflation, and a Congress that is bold enough to do something about it.
They say the meek shall inherit the Earth, but what happens when the feckless are in control of the government?
a.d. 🗽🇺🇸@rbreich .. To control inflation, we must take aim at corporate profits, not working people.
AlicePaulHow about if we stop calling it inflation like this is a vagary of the economy and call it conflagration—as in corporate greed is intentionally burning down the economy.
@rbreich Any solution must also balance shareholder return for ordinary investors vs “whale” investors who disproportionately buy options and preferred asset classes. We must not forget that pensions are no longer a thing so anyone saving for retirement has most of that in mutual funds and common stock.
🍸Pooka🥕Boo🍸@rbreich Robert... my question to you is this. Corporations have workers by the balls. They've forced us all into the stock market with IRAs, 401Ks, and Roths. So, anything that threatens them threatens their stock price; and therefore everyone'sretirement. What's your opinion on this?
RosBux