Baloo UrizaEvery #NYT story lately.
I have no idea where this image originated and take no credit.
Strypey@BalooUriza
> Every NYT story lately [simping for the billionaire class needing to be richer]
I appreciated people like Nick Hanauer who break this pattern:
https://www.nytimes.com/2016/04/21/opinion/overtime-pay-a-lifeline-for-the-overworked-american.html
I wish I had more time to listen to the podcast where he interviews heterodox economists about why the wealthy need to pay more tax, minimum wages need to be higher, etc:
http://www.pitchforkeconomics.com
"There are no examples in the known universe in which force didn’t equal mass times acceleration. But the same cannot be said for the “theory” that if wages go up, employment will go down. It’s not always true. It’s not even that it’s almost always true—it isn’t even usually true."
#NickHanauer, 2015
https://www.pbs.org/newshour/economy/economic-theory-science-scam
Is trickle-down economics science or scam?
In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are not science, but merely social and moral constructs.
"Thus, the claim that when wages go up for low-wage workers, employment will go down isn’t really a legitimate “theory.” Rather, it’s best understood as a claim designed to influence how people explain the world around them, and by doing so, control people’s behavior. I think of this so-called theory as more of a scam or a confidence game."
#NickHanauer, 2015
https://www.pbs.org/newshour/economy/economic-theory-science-scam
Is trickle-down economics science or scam?
In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are not science, but merely social and moral constructs.
"The real magic of trickle-down economics, by the way, isn’t to convince people that if the rich get richer, that’s good for the economy and therefore good for you. The real power comes from convincing people that if the poor get richer, that will be bad for the economy and bad for you.
This is why economics is often less science and more scam."
#NickHanauer, 2015
https://www.pbs.org/newshour/economy/economic-theory-science-scam
Is trickle-down economics science or scam?
In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are not science, but merely social and moral constructs.
"I’m not asserting that everyone who subscribes to this “theory” secretly knows it isn’t true but says it anyway. On the contrary, the people who say it usually believe it... if you are a person who pays wages or are sympathetic to those who do so, the theory that if wages go up, employment comes down is a very attractive thing to believe and to promulgate. After all, if I run a business, your wages are my profits."
#NickHanauer, 2015
https://www.pbs.org/newshour/economy/economic-theory-science-scam
Is trickle-down economics science or scam?
In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are not science, but merely social and moral constructs.
How would Marxist class theory explain a Nick Hanauer?
Is it a limited hangout? Promulgating social democratic ideas to keep people from discovering revolutionary forms of socialism?
Is it an example of a less powerful faction of the ruling class, angling to increase their power during the next big upheaval that takes down the dominant factions?
Or is he just a rare example of a smart person who can't help calling bullshit when were sees it, regardless of his class interests?