Wage Slavery? The poor are poor because....

[Viritica]

This^

You couldn't be more wrong.

I'm currently reading Capital in the Twenty-First Century by Thomas Piketty and by collecting data on incomes and wealth in 20 countries over three centuries he discovered that capitalism is inherently unequal. Why? Because the rate on return on capital is higher then the growth of wages. In other words you can work as hard as you like but your wages will only rise with growth of GDP at 1% while someone sitting on a pile of shares is raking in the cash at 4 to 5%. So unless you acquire some capital your life will be literally grinding away at some job while an exceptional few maybe through hard work but most likely through sheer luck such as inheritance will live a life you can only dream of. There are solutions but they ain't pretty.

Who the fuck is Thomas Piketty and why should I give a shit about what he thinks?

[European Socialist Republic]

You couldn't be more wrong.

I'm currently reading Capital in the Twenty-First Century by Thomas Piketty and by collecting data on incomes and wealth in 20 countries over three centuries he discovered that capitalism is inherently unequal. Why? Because the rate on return on capital is higher then the growth of wages. In other words you can work as hard as you like but your wages will only rise with growth of GDP at 1% while someone sitting on a pile of shares is raking in the cash at 4 to 5%. So unless you acquire some capital your life will be literally grinding away at some job while an exceptional few maybe through hard work but most likely through sheer luck such as inheritance will live a life you can only dream of. There are solutions but they ain't pretty.

Who the fuck is Thomas Piketty and why should I give a shit about what he thinks?

If you had bothered to google his name, you would've known he's a French economist who's specialized in economic equality.

[Viritica]

Who the fuck is Thomas Piketty and why should I give a shit about what he thinks?

If you had bothered to google his name, you would've known he's a French economist who's specialized in economic equality.

>economic equality
>French socialist party

Still not seeing why I should give a shit about him

[Bezombia]

If you had bothered to google his name, you would've known he's a French economist who's specialized in economic equality.

>economic equality
>French socialist party

Still not seeing why I should give a shit about him

Because he knows a lot more than you about economics.

[Viritica]

>economic equality
>French socialist party

Still not seeing why I should give a shit about him

Because he knows a lot more than you about economics.

True, though considering what kind of situation the French economy is in now thanks to people like him I'd prefer not to take his word on anything.

[European Socialist Republic]

If you had bothered to google his name, you would've known he's a French economist who's specialized in economic equality.

>economic equality
>French socialist party

Still not seeing why I should give a shit about him

You're right, why should we care about studies by economists?

[Bezombia]

Because he knows a lot more than you about economics.

True, though considering what kind of situation the French economy is in now thanks to people like him I'd prefer not to take his word on anything.

So you don't trust the economists about the economy?

[European Socialist Republic]

Because he knows a lot more than you about economics.

True, though considering what kind of situation the French economy is in now thanks to people like him I'd prefer not to take his word on anything.

1) What kind of situation is the French economy in now?
2) Why is this thanks to people like him?

[Viritica]

True, though considering what kind of situation the French economy is in now thanks to people like him I'd prefer not to take his word on anything.

1) What kind of situation is the French economy in now?
2) Why is this thanks to people like him?

1) Their economy is shit, to put it bluntly. Germany has to support countries like them in the EU.
2) Socialists are in control there. He happens to be a socialist. Ergo, people like him.

[Emile Zola]

You couldn't be more wrong.

I'm currently reading Capital in the Twenty-First Century by Thomas Piketty and by collecting data on incomes and wealth in 20 countries over three centuries he discovered that capitalism is inherently unequal. Why? Because the rate on return on capital is higher then the growth of wages. In other words you can work as hard as you like but your wages will only rise with growth of GDP at 1% while someone sitting on a pile of shares is raking in the cash at 4 to 5%. So unless you acquire some capital your life will be literally grinding away at some job while an exceptional few maybe through hard work but most likely through sheer luck such as inheritance will live a life you can only dream of. There are solutions but they ain't pretty.

Who the fuck is Thomas Piketty and why should I give a shit about what he thinks?

Whether you give a fuck or not is not my problem just pointing out that you and the quote you pointed above are wrong. Thomas Piketty compiled and analyzed the data the proves that conclusively.

[European Socialist Republic]

1) What kind of situation is the French economy in now?
2) Why is this thanks to people like him?

1) Their economy is shit, to put it bluntly. Germany has to support countries like them in the EU.
2) Socialists are in control there. He happens to be a socialist. Ergo, people like him.

1) Source?
2) You are aware that Hollande has only been elected in 2012, right? And that from 1995 to 2012, France was controlled by the right-wing? So, if their economy is shit, why is this the fault of the socialists and not of the right-wing? Or are you saying that everything was fine until 2012?

[Viritica]

1) Their economy is shit, to put it bluntly. Germany has to support countries like them in the EU.
2) Socialists are in control there. He happens to be a socialist. Ergo, people like him.

1) Source?
2) You are aware that Hollande has only been elected in 2012, right? And that from 1995 to 2012, France was controlled by the right-wing? So, if their economy is shit, why is this the fault of the socialists and not of the right-wing? Or are you saying that everything was fine until 2012?

1) Sauce.
2) France wasn't the only country to be affected by the 2008 economic crash. Hollande's socialist policies haven't helped.

[Divair2]

1) Their economy is shit, to put it bluntly. Germany has to support countries like them in the EU.
2) Socialists are in control there. He happens to be a socialist. Ergo, people like him.

1) Source?
2) You are aware that Hollande has only been elected in 2012, right? And that from 1995 to 2012, France was controlled by the right-wing? So, if their economy is shit, why is this the fault of the socialists and not of the right-wing? Or are you saying that everything was fine until 2012?

Why is this even a discussion? The bloke isn't even in the govt.

[European Socialist Republic]

1) Source?
2) You are aware that Hollande has only been elected in 2012, right? And that from 1995 to 2012, France was controlled by the right-wing? So, if their economy is shit, why is this the fault of the socialists and not of the right-wing? Or are you saying that everything was fine until 2012?

1) Sauce.
2) France wasn't the only country to be affected by the 2008 economic crash. Hollande's socialist policies haven't helped.

1) Your source is basically a Conservative minister repeating the same old right-wing circlejerk.
And this source says otherwise. In fact, it says British milionaires are leaving their country and France is a "popular destination". Well well.
http://economistsview.typepad.com/econo ... -nope.html

2) And yet France seems to be doing better than the UK.
http://krugman.blogs.nytimes.com/2013/1 ... egion=Body

[Viritica]

1) Sauce.
2) France wasn't the only country to be affected by the 2008 economic crash. Hollande's socialist policies haven't helped.

1) Your source is basically a Conservative minister repeating the same old right-wing circlejerk.
And this source says otherwise. In fact, it says British milionaires are leaving their country and France is a "popular destination". Well well.
http://economistsview.typepad.com/econo ... -nope.html

2) And yet France seems to be doing better than the UK.
http://krugman.blogs.nytimes.com/2013/1 ... egion=Body

1) Your first source is basically an opinion article.
2) >blog

[European Socialist Republic]

1) Your source is basically a Conservative minister repeating the same old right-wing circlejerk.
And this source says otherwise. In fact, it says British milionaires are leaving their country and France is a "popular destination". Well well.
http://economistsview.typepad.com/econo ... -nope.html

2) And yet France seems to be doing better than the UK.
http://krugman.blogs.nytimes.com/2013/1 ... egion=Body

1) Your first source is basically an opinion article.
2) >blog

1) If you had bothered reading the articles it links to... Fine.
http://www.telegraph.co.uk/finance/pers ... itain.html
"Research from Lloyds TSB International revealed that 22 per cent of millionaires are considering moving abroad in the next two years"
"Destinations like France and Spain remain popular too."

2) From an economist. With charts from the IMF.

[Viritica]

1) Your first source is basically an opinion article.
2) >blog

1) If you had bothered reading the articles it links to... Fine.
http://www.telegraph.co.uk/finance/pers ... itain.html
"Research from Lloyds TSB International revealed that 22 per cent of millionaires are considering moving abroad in the next two years"
"Destinations like France and Spain remain popular too."

2) From an economist. With charts from the IMF.

My internet connection's shit. Will respond when I get home.

[Tiesabre]

Poor people are poor because the rich need to keep a percentage of the population poor so that they may achieve greater wealth so they ensure certain policies are enacted as a means to these ends.

[Vazdania]

Poor people are poor because the rich need to keep a percentage of the population poor so that they may achieve greater wealth so they ensure certain policies are enacted as a means to these ends.

yea no.

[Vazdania]

>economic equality
>French socialist party

Still not seeing why I should give a shit about him

You're right, why should we care about studies by economists?

especially ones that fucked up their own economy

[Vazdania]

If workers are allowed to Unionize, and the state keeps its ugly hand out of the situation, employees are paid better than in places with a minimum wage...for example, Sweden, Norway, and Finland.

Except for those teachers union amirite.

Teachers: Being underpaid since 632BC

[Bezombia]

Poor people are poor because the rich need to keep a percentage of the population poor so that they may achieve greater wealth so they ensure certain policies are enacted as a means to these ends.

yea no.

Are you going to actually make an arguement other than just "no" and a smiley?

[Vazdania]

yea no.

Are you going to actually make an arguement other than just "no" and a smiley?

It's not the intent of the rich (at large) to keep people in poverty, while it may be the intent of a few people, the vast majority of the rich want to aid the poor. That said, many don't agree with government mandated help, they simply want to help people on their own.

[Bezombia]

Are you going to actually make an arguement other than just "no" and a smiley?

It's not the intent of the rich (at large) to keep people in poverty, while it may be the intent of a few people, the vast majority of the rich want to aid the poor. That said, many don't agree with government mandated help, they simply want to help people on their own.

If the rich wanted to help the poor then why aren't the rich helping the poor?

[Vazdania]

It's not the intent of the rich (at large) to keep people in poverty, while it may be the intent of a few people, the vast majority of the rich want to aid the poor. That said, many don't agree with government mandated help, they simply want to help people on their own.

If the rich wanted to help the poor then why aren't the rich helping the poor?

They are.