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*spammer

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alejandro b
https://www.youtube.com/watch?v=VF02LRabRNQ

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@shagen454, You're on to something about the nature of the future of economics, and also society through the 1% vs. the 99%. You're not wrong that a lot of *money has made it's way to the top, and is staying there.

But it wasn't always this way.

In his film, Inequality For All, Robert Reich points out that during the time of great prosperity in the US (1947-1977) inequality was low, and taxes on the wealthy were much higher than they are today.

A correlation of the effect this was how marketing was thought of. In CBC's "Under The Influence" episode on The World of Business-To-Business Advertising they point out that B2B marketing used to be the boring place that nobody in advertising really wanted to work, but now B2B marketing is surging.

The CBC radio show doesn't get into asking why that changed, but through the lens of modern economics it isn't hard to see. B2B marketing used to be boring because with low inequality, consumers--*working people*--had all the money. Now, with high inequality, consumers are broke, and all that money is just flowing among corporations, never really trickling more than a few breadcrumbs upon the serfs.

This has deep impacts on society and politics, especially in a land where "money is speech" and all the money is just passed between a few companies and their owners. This means that in the US, there are as few as 144,000 people who have enough "speech" (meaning money) that their voice actually matters, as is pointed out by Lawrence Lessig.


Videos:

--Robert Reich --

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