Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith

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Behind the Wall Street Protest

... are these economic factors.  Basically it boils down to rich people and institutions tying up so much of the country's capital that the rest of the country can't function properly.
Tags: economics, news
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  • 36 comments
>>How would you put the middle class back to work?<<

1) Even out the distribution of wealth. No matter much you cook the books, you cannot run 80% of the economy on 20% of the wealth. The rich individuals and corporations have hoarded so much that they've stalled the rest of the economy. People who don't have money can't buy things, so, that money needs to get spread around more.

2) Break up the megacorporations. Relocalize production. It's safer in case of natural disasters, less wasteful of fuel, and provides more jobs. Produce local, buy local, use local -- as much as feasible. Only the specialty stuff really needs to be shipped long distance.

3) Staff up the understaffed, overworked places like schools and hospitals. Identify work that needs to be done, and reward people for doing it.

4) Cash is only superior to barter when there's enough cash to go around. You always have your skills. Use barter exchanges to meet the need for skilled labor that's often too expensive to buy with cash.

We don't have a shortage of resources. We just suck at distributing them effectively. A society must meet the basic needs of its members, else they will tear it apart and try to build something that will work better.
My favorite thing to say about lack is, "We could feed the planet right now. The primary cause of famine is poor distribution of resources."
Caused primarily by the fact that people just don't mind watching other human beings suffer and die. That really bothers me. I think it's evil to allow that when it's preventable.
I read an interesting article about that: apparently they figured out at the U.N. a long time ago that the way to cure famine was to give the starving people cash. The food exists, but the people who have it aren't willing to pay to transport to a place where they know it will be seized and then THEY will starve. But they are willing to SELL it. So if the starving people have money and demand for food the market will send them food.

Sending food doesn't work that well because it gets stolen before it is distributed. Sending money works better. The people who are starving are pretty reliable about spending these dollars on the food the market provides.

Nearly all famines now are political in nature.

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