Wall Street Gets It - Income Inequality Bad for Wall Street

A new report highlighting the damage income inequality does to Wall Street should change the debate around the subject by excluding morality in favor of economic self-interest for the wealthy.
siftbotsays...

Self promoting this video and sending it back into the queue for one more try; last queued Friday, August 8th, 2014 6:55am PDT - promote requested by original submitter Grimm.

billpayersays...

This is so fucking obvious. Especially in a consumer based economy.

What this talking head does not acknowledge is THIS IS WHAT THE 1% WANTS.

They want the middle class to revert to slaves.

Yogisays...

This is nothing new especially. There's a lot of literature about social engineering. That if you spend a little money on things like childcare for your employees they'll work harder for you. Same with making the workplace just more enjoyable. They'll work harder and have an investment in their workplace so it makes sense to treat them nicer. Make them feel like they belong with significant things rather than just propaganda about how we're all a corporate family bullshit. People don't fall for that, unless they're already really indoctrinated.

In many cases though corporations won't do something like that even though it'll make them more money. Why? Because there would be giving up some control. It's not all about money, it's also about controlling your workforces.

billpayersaid:

This is so fucking obvious. Especially in a consumer based economy.

What this talking head doesn't not acknowledge is THIS IS WHAT THE 1% WANTS.

They want the middle class to revert to slaves.

billpayersays...

Saw a doc about this. Might have been Adam Curtis.
Treating your workers well increases their productivity for sure.
And that's great when there is abundance.
But if there is shortage, the land owners no longer want all the thousands and thousands of happy workers to share their food and resources with.

Yogisaid:

This is nothing new especially. There's a lot of literature about social engineering. That if you spend a little money on things like childcare for your employees they'll work harder for you. Same with making the workplace just more enjoyable. They'll work harder and have an investment in their workplace so it makes sense to treat them nicer. Make them feel like they belong with significant things rather than just propaganda about how we're all a corporate family bullshit. People don't fall for that, unless they're already really indoctrinated.

In many cases though corporations won't do something like that even though it'll make them more money. Why? Because there would be giving up some control. It's not all about money, it's also about controlling your workforces.

korsair_13says...

Yeah, I think they are missing the fact that the opponents to increased taxes on the rich believe that it is bad because of faith. They do not think rationally, so no new report is going to convince them because facts don't convince believers. They need to stop believing before they can be convinced. They need to stop pretending to know things they don't know.

newtboysays...

I want everyone between 1:17 and 1:50 in that elevator, all glued into furry suits, so they can 'take care of' each other in that dark, terrible place they're all going.

Paybacksaid:

I REALLY want to find that fucker at 1:17 in your video, alone, in an elevator.

Stormsingersays...

While I actually agree with the report, I have to point out that Standard & Poor should have ZERO credibility on any issue. They're the same guys that were rating the sub-prime mortgage backed securities as triple-A. Their analysis of anything at all is, to say the least, highly suspect.

Truckchasesays...

Why this concept would be foreign to anyone is beyond me; nature has billions of years of evolution under it's belt and if there is one thing it has proven is beneficial for the vast majority it's balance relative to reality. If we can't evolve attitudes in line with reality we will render ourselves obsolete.

I'm disappointed to see this covered by a conventional partisan. If I could have one wish it would be to render the terms "conservative" and "liberal" out of our lexicon. Ideology is more complicated than a two-dimensional scale. Democracy is based on a thinking populous, and we need to revert to that ideal to survive. The separation of personal identity into "brands" is at the core of what is tearing our society apart.

Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists




notify when someone comments
X

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
  
Learn More