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View Diary: Why is our society contracting? (55 comments)

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  •  economic, yes (2+ / 0-)
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    shaharazade, Calamity Jean

    The diarist is obviously advocating education as a way out of this, which always reminds of Keillor's "... and all the children are above normal." The college system, and underlying assumption that livable income is only due to the well-papered, may very well be more disease than symptom.

    But that's not the point I wanted to make, which is more that simple greed is behind this. Or perhaps, lack of self-discipline. "Let them eat cake" is where we are at, and speaking of other centuries, this is how Hobson put it in The Industrial System, in 1910:

    ... This argument of of the effects of transferring private income by means of taxation into expenditure on public relief cannot be dismissed as a vague hypothesis. Every financier and business man is aware that, during a prolonged depression, quantities of loanable capital stand out of all new industrial uses awaiting an opportunity to operate productively. It is hardly disputable that a process of taxation which should arrest some of these stagnant savings, and apply them to production through public expenditure, would secure an earlier demand for labour than would otherwise have occurred. Workers would have in their hands wages which they would apply in consumption at an earlier date than if they had to wait until some bank felt justified in making an investment in a loan which depression there is no motive to apply savings in demand for labour because such application implies the further congestion of a market already congested. ...
    "... Every financier and business man is aware ..."

    Yet they cannot help themselves. The ownership class in America have become the silly, snuffling, pompous asses who promenaded through Louis XIV's garden.  

    and I wait for them to interrupt my drinking from this broken cup

    by le sequoit on Wed Nov 28, 2012 at 08:58:14 PM PST

    [ Parent ]

    •  ran two sentences (1+ / 0-)
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      shaharazade

      together there at the end of the quote, but the point remains.

      and I wait for them to interrupt my drinking from this broken cup

      by le sequoit on Wed Nov 28, 2012 at 09:03:49 PM PST

      [ Parent ]

    •  agree (0+ / 0-)

      At this point, we have to fix the education system that is broken by  education bureaucrats making money at the expense of students learning. The latest bad example is in Florida as usual, calculus teachers can get fired for their students bad test scores on reading! They are punished for how their students do in classes they don't teach!

    •  follow up (0+ / 0-)

      I think my point is more than just fixing the education system. By making education so costly, it is an extremely low probability that people can improve their lot in life in our society anymore?

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