Rising Inequality, the Decline of Democracy, and Trump's election -- in a Whiteboard Animimation

Mick Mac

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You mean Donald Trump, obviously.

We could chart his course from "rebel" against the "Republican elite" to the President who is fulfilling its corporate agenda.

The man who went from "draining the Swamp" to the corporate socialism that the plutocrat class desire, exponentially increasing the number of lobbyists in Washington.

That is why McConnell and Ryan are smiling. As are the Kochs, the Mellons, and Adelson.
Trump is potentially the same though his promise to become an economic nationalist, also called reversing neo liberalism, means he at least is promising the right thing.

But it's all about delivery Donald. You need to deliver!
The Koch's. Puke on all of them.

Notice how we are not really talking about the Dems being different. They'd let the country go in the same direction but at a slightly slower pace but they'd explain they were overturning the economic order by having pictures with sporting and Hollywood stars.
the American working class is poorly served.
 


Gwannow

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The American working class are certainly more poorly served by the current bozos in power today. I can't wait for the 2018 elections and stop those fools from destroying their country. Of course, the Chump might invade someone's country to stay in power - something Republican administrations have been doing for a long time now. I can't understand why the American people haven't copped on by now.
 

Mick Mac

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The American working class are certainly more poorly served by the current bozos in power today. I can't wait for the 2018 elections and stop those fools from destroying their country. Of course, the Chump might invade someone's country to stay in power - something Republican administrations have been doing for a long time now. I can't understand why the American people haven't copped on by now.
Yeah but who will they vote for in 2018?

The democrats will do the same but offer them unisex toilets.
 

Finbar10

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Well North Korean Communism or German Greenism has not delivered much either
It's rather a big leap to go from the somewhat constrained capitalism of FDR to North Korea. I'm not sure what Kim Jong Un and his family have to do with that! :) German windmills, I think, are a wholly separate question, which I'm not going to get into. I suppose Germany does do the whole labour protections and workforce unionization thing a bit better than most. It's also interesting that they still remain with a fairly healthy traditional industrial base compared to places like the US and UK (in spite of avoiding some of the rush to deregulation by the likes Reagan and Thatcher in the 1980s).
 

Finbar10

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Cheaper labour and technology is arguably largely responsible for that.

Glass Stegal did cause the last melty, but if you look at the history of financial regulation since the late 19th century, it's one of reg followed by de-reg, followed by reg and so on.

Probably outside the whiteboards purview, but AI is had a bigger say in transactions across the global casino since the 80s. In fact I think Greenspan or someone introduced legislation to curtail it, and that was subsequently revoked?
We'll probably get to the stage where it'll be cheaper and easier to make stuff using sophisticated robots (even in the US) than outsourcing it to the third world (so little blue collar work left anywhere) and AI will start infringing even on white collar occupations. It'll be interesting to see where all the consumers are supposed to come from in this brave new world (or will wealth and political power be ridiculously concentrated in the hands of those who make and control the robots and the AI, with perhaps some kind of universal basic income, like the bread and circuses of Ancient Rome, paid to the majority of the plebs to keep the whole thing rolling! :) ).
 
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devoutcapitalist

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It's rather a big leap to go from the somewhat constrained capitalism of FDR to North Korea. I'm not sure what Kim Jong Un and his family have to do with that! :) German windmills, I think, are a wholly separate question, which I'm not going to get into. I suppose Germany does do the whole labour protections and workforce unionization thing a bit better than most. It's also interesting that they still remain with a fairly healthy traditional industrial base compared to places like the US and UK (in spite of avoiding some of the rush to deregulation by the likes Reagan and Thatcher in the 1980s).
Traditional heavy industry was already declining in the US and UK long before Thatcher and Reagan came to power in both countries. For instance between the 1940's till the late 1970's in Britain employment in the mining industry declined by nearly 500,000 people including a decline of over 300,000 in the 1960's under Tory Socialist and Labour led governments.

https://www.statista.com/statistics/371069/employment-in-coal-mining-industry-in-the-united-kingdom-uk/
 

devoutcapitalist

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As for American Manufacturing many US companies failed to move with the times and they deserved to go out of business.
 

dresden8

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Trump is the symptom not the cause.

Inequality is mainstream party policy.

People voted against that.
 

devoutcapitalist

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Any voters who believed that Trump was magically going to bring back semi skilled manufacturing or heavy industry jobs to America is seriously naive at best.
 

Finbar10

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Traditional heavy industry was already declining in the US and UK long before Thatcher and Reagan came to power in both countries. For instance between the 1940's till the late 1970's in Britain employment in the mining industry declined by nearly 500,000 people including a decline of over 300,000 in the 1960's under Tory Socialist and Labour led governments.

https://www.statista.com/statistics/371069/employment-in-coal-mining-industry-in-the-united-kingdom-uk/
There's little coal mining left now in Germany either. Nonetheless, the drop in manufacturing in the UK under Thatcher was impressive (dropped two-thirds under her tenure). She might have been good for the City, but I think she did a good job in killing off UK manufacturing (ideology won out over common sense; few countries saw such a steep decline). Many European countries managed to keep a lot of their manufacturing (even if it diversified and morphed into other forms). Germany still has Mercedes and similar brand names. Many similar UK equivalents no longer exist or otherwise are owned by foreigners.
 

devoutcapitalist

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There's little coal mining left now in Germany either. Nonetheless, the drop in manufacturing in the UK under Thatcher was impressive (dropped two-thirds under her tenure). She might have been good for the City, but I think she did a good job in killing off UK manufacturing (ideology won out over common sense; few countries saw such a steep decline). Many European countries managed to keep a lot of their manufacturing (even if it diversified and morphed into other forms). Germany still has Mercedes and similar brand names. Many similar UK equivalents no longer exist or otherwise are owned by foreigners.
British manufacturing was highly uncompetitive in the 1970's and one of the reasons was militant trade unions.
 

Niall996

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I started to watch it but lost interest after about 15 seconds. A gimmicky boring video. Six minutes I knew I'd never get back. Lets speed up the process. What's the definition of inequality? What's wrong with inequality? What's the question being asked about inequality? I feel utterly equal to every other human being (if not a little more equal) but that's my mindset. Are we talking purely income? Can someone distill the point of this thread into a single sentence?
 

stopdoingstuff

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Dear Party Political Hacks,

Here is what has happened to wages and productivity in the US economies since the 70s i.e. throughout both Republican and Democratic administrations and periods where one or the other party had majorities in the various houses.



Partisan types can huff and puff all day but the fact remains that parties have changed but outcomes have not. Any temporary progress has been down to bubbles or investment gains in technologies that would have happened either way via the defence budget (which has more or less always increased anyway, regardless of who was in power).

So how is is that regardless of who the poor Americans vote for, the outcomes are the same- this btw is a fact as there is no way to bullsh1t one's way around a multi-decade trend abetted by neither party.

The answer, again demonstrated empirically, is as follows:

https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B

Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence. The results provide substantial support for theories of Economic-Elite Domination and for theories of Biased Pluralism, but not for theories of Majoritarian Electoral Democracy or Majoritarian Pluralism.




So wave whatever party flag you want, but the fact is that both sides are bough-and-paid-for whores who favour the rich. The general public (middle class and below) have fk all say relative to their size either way and that does not change over time.
 

owedtojoy

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Trump is potentially the same though his promise to become an economic nationalist, also called reversing neo liberalism, means he at least is promising the right thing.

But it's all about delivery Donald. You need to deliver!
The Koch's. Puke on all of them.

Notice how we are not really talking about the Dems being different. They'd let the country go in the same direction but at a slightly slower pace but they'd explain they were overturning the economic order by having pictures with sporting and Hollywood stars.
the American working class is poorly served.
There is no such thing as the "working class" anymore.

All the working class ever wanted was to be middle class, and that was achieved by 1980.

Unfortunately, it was around then that the plutocrat class decided it wanted to go back to the 1880s and unrestrained, unregulated capitalism. The collapse of capitalism's rival in 1989 seemed to make it a historical trend. Reagan, Bush Snr, Clinton, Bush II, and Obama were in varying degrees part of that trend.

Trump is the culmination - the point where the wealthy go for broke, finally plunder what is left of American public wealth, and reduce the middle class to dependence, serfdom or poverty.

Time to reverse the trend, not to revive communism, but to revive the ideal of equality, social democracy and a social safety net.

In the US, the Democrats with its diverse coalition of ethnic minorities, women and what is left of trades unions, have a far better chance of becoming the party that leads the shift than the plutocratic Republicans.
 

devoutcapitalist

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Dear Party Political Hacks,

Here is what has happened to wages and productivity in the US economies since the 70s i.e. throughout both Republican and Democratic administrations and periods where one or the other party had majorities in the various houses.



Partisan types can huff and puff all day but the fact remains that parties have changed but outcomes have not. Any temporary progress has been down to bubbles or investment gains in technologies that would have happened either way via the defence budget (which has more or less always increased anyway, regardless of who was in power).

So how is is that regardless of who the poor Americans vote for, the outcomes are the same- this btw is a fact as there is no way to bullsh1t one's way around a multi-decade trend abetted by neither party.

The answer, again demonstrated empirically, is as follows:

https://www.cambridge.org/core/journals/perspectives-on-politics/article/testing-theories-of-american-politics-elites-interest-groups-and-average-citizens/62327F513959D0A304D4893B382B992B







So wave whatever party flag you want, but the fact is that both sides are bough-and-paid-for whores who favour the rich. The general public (middle class and below) have fk all say relative to their size either way and that does not change over time.
What's your solution? A number of cities and some states are increasing the Minimum wage fairly substantially in some cases, the downside is that It has led to job losses and many companies passing on the costs to their customers.

The reality is that American industry was fairly protected between the 1940's- late 1960's, as a result It became complacent and was unable to compete with the growth of China and other East Asian tiger economies from the late 70's onwards.

But of course Trump will blame NAFTA, Free Trade etc.
 

GabhaDubh

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As for American Manufacturing many US companies failed to move with the times and they deserved to go out of business.
Several years ago I posed this question to a economist friend who is regularly on American PBS financial programs, as America had outsourced a percentage of manufacturing initially to Mexico and then the slippery slide to the next country where costs were lower, how long would it take to come full circle and revert to America. He was aghast, “not in our life time”. As he has input on placement of of 90 plus billion, he obviously believes that the American worker will never be in dire pay level.
 

devoutcapitalist

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There is no such thing as the "working class" anymore.

All the working class ever wanted was to be middle class, and that was achieved by 1980.

Unfortunately, it was around then that the plutocrat class decided it wanted to go back to the 1880s and unrestrained, unregulated capitalism. The collapse of capitalism's rival in 1989 seemed to make it a historical trend.

Time to reverse it, not to revive communism, but to revive the ideal of equality, social democracy and a social safety net.

In the US, the Democrats with its diverse coalition of ethnic minorities, women and what is left of trades unions, have a far better chance of becoming the party that leads the shift than the plutocratic Republicans.
Barely 10% of the US workforce are unionised these days and in the public Sector they tend to be Middle Class professionals like teachers etc. The White working class have been strongly Republican for decades.

Also some of the most affluent counties in America voted for Hillary over Trump last year.
 

Analyzer

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Traditional heavy industry was already declining in the US and UK long before Thatcher and Reagan came to power in both countries. For instance between the 1940's till the late 1970's in Britain employment in the mining industry declined by nearly 500,000 people including a decline of over 300,000 in the 1960's under Tory Socialist and Labour led governments.

https://www.statista.com/statistics/371069/employment-in-coal-mining-industry-in-the-united-kingdom-uk/
In the central planning oriented 1960s & 1970s British car manufacturing lost market share to the Japanese on considerable scale.

By 1979 it was a fraction of it's previous greatness. And it had learned nothing at that point of time. It was barely even market oriented.
 


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