Comments by "" (@jmitterii2) on "American Income Inequality Perfectly Explained (Mark Blyth Interview)" video.

  1. That's where this all ends, like the Arab Spring of multiple coup d'etats. And climate change ironically is hitting first in those areas, the trigger has been their famine due to massive crop failures in the region from Libya thru Egypt, Syria, south to the Sudan, Yemen, etc. That creep of climate change will continue to spread further in latitude as Mexico and other Central American countries have had massive crop failures and crop shortages. And the race to the bottom return to a weird oligarchy feudal society that is unstable as the 19th and 18th century with endless national and civil wars as their results will be the same results we have in our time. With population as large as it is now, it's going to be a blood bath. And that's not considering potential nuclear weaponry being used.
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  2. But we don't want to embrace Stalin dictatorship style communism either. A co-op system with a bank reserve that actually lends to high capital requirement sectors so that co-ops can actually enter into more than chicken-shit retail would be a much needed improvement. Whatever it is, it must ensure the wealth of production is allocated to the workers, not to a do nothing elite class.
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  3. And they have created inflation: housing, healthcare, education, and even food has gone up the latter housing which once accounted for 20% of take home pay, is now accounting for over 40%. While wages stay flat to falling because we're competing with serf labor in various other nations which are already fallen rock bottom like Brazil, a major commodities producer as commodities had and were the first to crash in the collapse. Now China and other manufacturing serf nations are collapsing because demand in the once rich nations are falling apart, and the would be emerging markets are based on serf labor can't purchase the goods they make. So the entire thing is falling apart. Capital sees this and freaks and is going back to physiocracy; you see this with elites from Russia, China, Asia, Mexico, Brazil, the four corners of the 3rd and 2nd worlds buying gobs of land in the so called wealthy countries, as well as the elites domestically in forms of individuals and large trusts to get whatever crumbs income the worker is making. Monarchs and their nobility class loved physiocracy, it was their thesis to having a feudal system. Thus that is what you are observing world wide. Really doesn't take multiple simulations of probability algorithm on a super computer to figure this shit out.
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