RE: Borderless Inequality

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Borderless Inequality

in hive-122315 •  4 years ago 

Because they are running out of countries to keep this musical chair game going...

Maybe, maybe not. and in the meantime they're normalizing sub-standard wages in the developed countries as well. And it's not as if they choose to pay the lowest possible wages; it's them following the rules of capitalism, competition and economic growth. I don't blame the people per se; it's the age old ideology that separates society in the two classes that has to change... If we don't, robots will do all the work, and we will get a UBI, which will then be "shut-up-money" to keep the masses peaceful; give them enough to not complain too much, but never allow them in the club of the upper class.

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Yeah! The UBI is exactly where David Graeber ends up his book with. It reminds me a bit of the "annonae" of the Roman Empire, the subsidized distribution of grain to the plebs to keep them happy and sated. But as you say, i don't think either it's a satisfying long-term measure.

  ·  4 years ago (edited)

Indeed; most people think that economical and financial governance as we know it is fairly young; it isn't. The Romans even devaluated their money by adding cheap metals to their gold and silver coins... Thanks again for responding my friend :-)