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View Diary: The Myth of the "Consensual" Marketplace (124 comments)

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  •  Re (0+ / 0-)
    the response of you and your libertarian ilk :  "meh, parity, blah, blah, it'll get better."

    that's completely arguable.  it's entirely possible that it stays bad for a long, long time.

    You miss the point that some libertarians make.

    The point is that there is no possible way to prevent parity from occurring. It's just a question of when and how it happens. Protectionist government policies seem to help in the short term, but just create larger market distortions that will sort themselves out eventually, and probably in more messy and chaotic ways than it would have been otherwise.

    All of this agitation against the 1% misses the point, which is that most people reading this blog are the 1% globally (if you make more than $50k/year, you are in the top 1% globally). The rest of the world increasingly wants what we have, and we have neither the power nor the moral authority to tell them that they can't have it. Global median real salaries are increasing every year, just not here where most Americans are in the top 10% of global income.

    Of course, no one likes to hear this. What people like to hear is that if we could only pass some law or other (raise upper income taxes, keep out H1Bs, pass better union protections, outlaw robots, etc) everything will be hunky dory and we can continue living the consumptive "American dream".

    But the math doesn't lie. Most people in most places have it worse than us. They want what we have. There aren't enough resources in the world for all of us to have it. Eventually, parity is assured. Reasonable economic policy should be about managing this process, not destroying our economy futilely trying to hold it off.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sun Mar 24, 2013 at 11:04:46 PM PDT

    [ Parent ]

    •  Everyone but a handful of global billionaires (1+ / 0-)
      Recommended by:
      dfarrah

      being poor does not = "parity."

      Business doesn't distinguish between making money and taking money.

      by Troubadour on Mon Mar 25, 2013 at 08:25:25 AM PDT

      [ Parent ]

      •  That's not what's happening (1+ / 0-)
        Recommended by:
        nextstep

        The world median standard of living is increasing.

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Mon Mar 25, 2013 at 09:19:53 AM PDT

        [ Parent ]

        •  Disparity and poverty are both increasing (2+ / 0-)
          Recommended by:
          dfarrah, squarewheel

          worldwide.  Trade globalists deceive by saying that someone who goes from being a subsistence farmer with plenty of food but no monetary income to being a factory slave who can buy t-shirts with the pittance they get from working day and night has gone up living standards.

          Business doesn't distinguish between making money and taking money.

          by Troubadour on Mon Mar 25, 2013 at 09:37:58 AM PDT

          [ Parent ]

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