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19 votes
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Why the world cannot afford the rich
43 votes -
Why Germany is rich but Germans are poor and angry
35 votes -
Paradise (2023)
Paradise is an exciting action sci fi with a really interesting premise. What if eternal youth, was available to anyone with money... yet it involved literally sucking the life force out of others...
Paradise is an exciting action sci fi with a really interesting premise. What if eternal youth, was available to anyone with money... yet it involved literally sucking the life force out of others less fortunate than yourself?
The movie focuses on Max, who after his wife is unexpectedly forced to give up 40 years of her life, he desperately searches for a way to get her youth back. The movie is filled with the usual plot twists, cool sci fi graphics, true love and the like.
There are two truly interesting elements to this movie. The first is the cynical idea that if the rich could live forever, then they would be much more motivated to think about and solve for the long term health of the planet.
In this movie, only the rich can afford to extend their lives for as long as they choose, so we also see how that would severely impact wealth inequality.
The second interesting element of this movie is a series of questions very similar to the trolley problem. If you could extend your life, at the cost of someone else's youth, would you, assuming they were somehow reimbursed financially?
What if your youth had been taken from you; or what if youth had been taken from someone you loved. Would you take it back? Would you take it back as ethically as possible, or ethics be damned?
Could you give up your youth to save a loved one from an extremely unkind yet uncertain end, or is it easier to risk your life to save theirs than it is to give up eternal youth once you have it?
At one point in the movie, we learn it is easier to take someones life passively through the forces of economics and medical science, than it is to actively kill someone with a gun to their head. Which is the essence of the trolley problem. But it is also the essence of wealth inequality.
We could easily flip the switch, to improve the quality of life and length of life for many people, at the cost of one rich persons riches, but those with power passively choose to not do so. The movie doesn't philosophize anywhere near as much as I am doing right now, instead focusing on fast action, true love and cool sci fi. But I think perhaps this movie is a very subtle warning to the rich. At a certain point of wealth inequality, some portion of the population will want their fair share of the wealth, ethics be damed.
11 votes -
New book argues stock buybacks are a mode of predatory value extraction leading to income inequity, employment instability, productive fragility
43 votes -
US tax code blamed as wealthy see major retirement account gains
44 votes -
Mapping the ownership network of Canada’s billionaire families
26 votes -
US progressives in Congress unveil OLIGARCH Act to combat 'existential threat' of extreme wealth inequality
138 votes -
Gini global inequality at lowest level in nearly 150 years
13 votes -
Are we in "late stage" capitalism? What's next?
I often engage in thoughtful discussions with my friends regarding our current socio-economic situation, and I find it challenging to discover a more fitting description than the term coined for...
I often engage in thoughtful discussions with my friends regarding our current socio-economic situation, and I find it challenging to discover a more fitting description than the term coined for it.
Wherever I direct my attention, I observe life increasingly being shaped by the well-oiled machinery of capitalism, a system devoid of inherent morals and existing solely to maximize profits for its shareholders.
To me, the notion of "late stage" capitalism implies a bleak future fueled by the insatiable demand for constant and unsustainable growth. This, in turn, hampers our ability to effectively plan for the future, as investors prioritize immediate gains. Consequently, our planet suffers the repercussions through climate change and the exacerbation of wealth inequality.
Moreover, the ruling of FEC vs Citizens United, wherein corporations were granted the ability to lobby as individuals, seems to have unleashed a relentless flywheel that perpetuates and nourishes the insatiable beast of capitalism and greed.
I am genuinely intrigued by the perspectives of others on this topic. If we collectively recognize that we are heading in an unfavorable direction, what steps can we take to regain a more positive trajectory? How can we incentivize prioritizing moral values and environmental impact over monetary gains?
101 votes -
Doomsday prep for the super-rich
21 votes -
Taxing the superrich
11 votes -
The super-rich ‘preppers’ planning to save themselves from the apocalypse
17 votes -
The economist who knows the miracle is over
9 votes -
Warning of income gap, Xi tells China’s tycoons to share wealth
6 votes -
Self-fulfilling prophecies, quasi-non-ergodicity and wealth inequality
10 votes -
Billionaires see VR as a way to avoid radical social change
14 votes -
1-pixel wealth: Wealth in the United States, shown to scale
60 votes -
America's 1% has taken $50 trillion from the bottom 90%
31 votes -
RAND study uncovers massive income shift to the top 1% - The median worker should be making as much as $102,000 annually—if some $2.5 trillion wasn’t being “reverse distributed” every year
33 votes -
The recession is over for the rich, but the working class is far from recovered
7 votes -
Under cover of capital gains, the hyper-rich have been getting richer than we thought: the earnings of the top 0.1% grew 50% more from 1996 to 2018 than previously measured
20 votes -
The modern economy of Russia
6 votes -
The code of capital: How the law creates wealth and inequality
6 votes -
Salesforce founder Marc Benioff has donated a fortune to right capitalism's wrongs, and he thinks his fellow billionaires should too. Why can't we just be grateful?
10 votes -
Musk, Bloomberg, Bezos: America's aristocracy of tech robber barons lives by its own rules
12 votes -
World inequality report 2018
5 votes -
Why America's one-percenters are richer than Europe's
10 votes -
Meet the rich kids who want to give away all their money
10 votes -
Blame economists for the mess we’re in: Why did America listen to the people who thought we needed “more millionaires and more bankrupts?”
19 votes -
Survival of the richest. The wealthy are plotting to leave us behind.
16 votes -
Separated by design: How some of America’s richest towns fight affordable housing
6 votes -
Francis Fukuyama - Against Identity Politics
5 votes -
Mr. Chen's Mountain - The story of a Chinese billionaire who moved back home, setting his mansion down in the middle of his economically depressed ancestral village
8 votes -
Gospels of giving for the new gilded age: Are today’s donor classes solving problems—or creating new ones?
8 votes -
Refinery29, Kylie Jenner, and the denial underlying millennial financial resentment
7 votes -
How to spend it: The shopping list for the 1%. In an age of astonishing wealth, nothing reveals the lives of the ultra-rich like the FT’s unashamedly ostentatiously luxury magazine.
25 votes -
Debunking UBI funding schemes
10 votes -
Survival of the richest - The wealthy are plotting to leave us behind
28 votes -
The surveillance economy and extreme income inequality: You can't have one without the other by Jaron Lanier
5 votes -
A world for all of us, not just the billionaires
12 votes -
UN report: With 40MM in poverty, US is most unequal developed nation
19 votes -
I know why poor Whites chant Trump, Trump, Trump: From the era of slavery to the rise of Donald Trump, wealthy elites have relied on the loyalty of poor whites. All Americans deserve better
6 votes