The asinine debate around "redistribution" continues unabated. Profits (% of GDP) have never been higher and wages never lower, however we're still being told daily by man-boys that the U.S. is teetering on the brink of "unfettered socialism". Give me a fucking break. One thing both sides in this ludicrous debate don't want to admit is that the heavy duty "redistribution" that is occurring is from poor nations to wealthy nations in the form of the globalized Ponzi trade scheme that has factory slaves working in Third World nations for ten cents on the dollar relative to what we make - exporting the wage deflation that makes 0% interest rates possible. Only a self-absorbed jackass assumes that cappuccino baristas deserve a wage that's 10x higher than someone making the latest iPhone...
This is the real redistribution that everyone HAS to ignore to make this work
As long as everyone agrees that these Third World minimum wages will never rise, the developed world ponzi loans will never get paid back, and the environment will never improve:
Sierra Leone has a 3 cent minimum wage. Wow, that's $1.20 a week, almost the World Bank's daily rate...
As long as everyone agrees that these Third World minimum wages will never rise, the developed world ponzi loans will never get paid back, and the environment will never improve:
Sierra Leone has a 3 cent minimum wage. Wow, that's $1.20 a week, almost the World Bank's daily rate...
Post 2008: Double down and let it ride one more time...
The bet that is on the table at this very moment is that the status quo globalized ponzi slave trade will last forever despite every flashing sign and signal that it's ending in real-time and currently sustained by the most dubious of measures and dubious of morons. Don't expect a counter-argument in this debate because no one is making one. EVERYONE IS ALL IN ON THE SAME SIDE OF THE BET:
