#concentrationofwealth — Public Fediverse posts

A quotation from Lincoln

We may congratulate ourselves that this cruel war, which has cost a vast treasure of blood and money, is almost over. But I see in the future a crisis approaching which fills me with anxiety. As a result of the war, corporations have become enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its rule by preying upon the prejudice of the people, until all wealth is concentrated in a few hands, and the Republic destroyed. I feel at this time more anxiety for the future of my country than at any time in the past, even in the midst of war.

Abraham Lincoln (1809-1865) American lawyer, politician, US President (1861-65)
(Spurious)

More about this quote: wist.info/lincoln-abraham/8249…

#quote #quotes #quotation #qotd #lincoln #abelincoln #abrahamlincoln #bigbusiness #capitalism #concentrationofwealth #conspiracy #corporations #corruption #money #oligarchy #power

A quotation from Lincoln

We may congratulate ourselves that this cruel war, which has cost a vast treasure of blood and money, is almost over. But I see in the future a crisis approaching which fills me with anxiety. As a result of the war, corporations have become enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its rule by preying upon the prejudice of the people, until all wealth is concentrated in a few hands, and the Republic destroyed. I feel at this time more anxiety for the future of my country than at any time in the past, even in the midst of war.

Abraham Lincoln (1809-1865) American lawyer, politician, US President (1861-65)
(Spurious)

More about this quote: wist.info/lincoln-abraham/8249…

#quote #quotes #quotation #qotd #lincoln #abelincoln #abrahamlincoln #bigbusiness #capitalism #concentrationofwealth #conspiracy #corporations #corruption #money #oligarchy #power

A quotation from Lincoln

We may congratulate ourselves that this cruel war, which has cost a vast treasure of blood and money, is almost over. But I see in the future a crisis approaching which fills me with anxiety. As a result of the war, corporations have become enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its rule by preying upon the prejudice of the people, until all wealth is concentrated in a few hands, and the Republic destroyed. I feel at this time more anxiety for the future of my country than at any time in the past, even in the midst of war.

Abraham Lincoln (1809-1865) American lawyer, politician, US President (1861-65)
(Spurious)

More about this quote: wist.info/lincoln-abraham/8249…

#quote #quotes #quotation #qotd #lincoln #abelincoln #abrahamlincoln #bigbusiness #capitalism #concentrationofwealth #conspiracy #corporations #corruption #money #oligarchy #power

A quotation from Lincoln

We may congratulate ourselves that this cruel war, which has cost a vast treasure of blood and money, is almost over. But I see in the future a crisis approaching which fills me with anxiety. As a result of the war, corporations have become enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its rule by preying upon the prejudice of the people, until all wealth is concentrated in a few hands, and the Republic destroyed. I feel at this time more anxiety for the future of my country than at any time in the past, even in the midst of war.

Abraham Lincoln (1809-1865) American lawyer, politician, US President (1861-65)
(Spurious)

More about this quote: wist.info/lincoln-abraham/8249…

#quote #quotes #quotation #qotd #lincoln #abelincoln #abrahamlincoln #bigbusiness #capitalism #concentrationofwealth #conspiracy #corporations #corruption #money #oligarchy #power

A quotation from Lincoln

We may congratulate ourselves that this cruel war, which has cost a vast treasure of blood and money, is almost over. But I see in the future a crisis approaching which fills me with anxiety. As a result of the war, corporations have become enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its rule by preying upon the prejudice of the people, until all wealth is concentrated in a few hands, and the Republic destroyed. I feel at this time more anxiety for the future of my country than at any time in the past, even in the midst of war.

Abraham Lincoln (1809-1865) American lawyer, politician, US President (1861-65)
(Spurious)

More about this quote: wist.info/lincoln-abraham/8249…

#quote #quotes #quotation #qotd #lincoln #abelincoln #abrahamlincoln #bigbusiness #capitalism #concentrationofwealth #conspiracy #corporations #corruption #money #oligarchy #power

A quotation from Daniel Webster

The freest government, if it could exist, would not be long acceptable, if the tendency of the laws were to create a rapid accumulation of property in few hands, and to render the great mass of the population dependent and penniless.

Daniel Webster (1782-1852) American statesman, lawyer, orator
Speech (1820-12-22), “First Settlement of New England,” Plymouth, Massachusetts

More about this quote: wist.info/webster-daniel/80794…

#quote #quotes #quotation #qotd #danielwebster #accumulation #concentrationofwealth #economicinjustice #economicsystem #freegovernment #freedom #government #incomeinequality #laws #plutocracy #politicalsystem #property #wealth

A quotation from Daniel Webster

The freest government, if it could exist, would not be long acceptable, if the tendency of the laws were to create a rapid accumulation of property in few hands, and to render the great mass of the population dependent and penniless.

Daniel Webster (1782-1852) American statesman, lawyer, orator
Speech (1820-12-22), “First Settlement of New England,” Plymouth, Massachusetts

More about this quote: wist.info/webster-daniel/80794…

#quote #quotes #quotation #qotd #danielwebster #accumulation #concentrationofwealth #economicinjustice #economicsystem #freegovernment #freedom #government #incomeinequality #laws #plutocracy #politicalsystem #property #wealth

A quotation from Daniel Webster

The freest government, if it could exist, would not be long acceptable, if the tendency of the laws were to create a rapid accumulation of property in few hands, and to render the great mass of the population dependent and penniless.

Daniel Webster (1782-1852) American statesman, lawyer, orator
Speech (1820-12-22), “First Settlement of New England,” Plymouth, Massachusetts

More about this quote: wist.info/webster-daniel/80794…

#quote #quotes #quotation #qotd #danielwebster #accumulation #concentrationofwealth #economicinjustice #economicsystem #freegovernment #freedom #government #incomeinequality #laws #plutocracy #politicalsystem #property #wealth

A quotation from Daniel Webster

The freest government, if it could exist, would not be long acceptable, if the tendency of the laws were to create a rapid accumulation of property in few hands, and to render the great mass of the population dependent and penniless.

Daniel Webster (1782-1852) American statesman, lawyer, orator
Speech (1820-12-22), “First Settlement of New England,” Plymouth, Massachusetts

More about this quote: wist.info/webster-daniel/80794…

#quote #quotes #quotation #qotd #danielwebster #accumulation #concentrationofwealth #economicinjustice #economicsystem #freegovernment #freedom #government #incomeinequality #laws #plutocracy #politicalsystem #property #wealth

A quotation from Daniel Webster

The freest government, if it could exist, would not be long acceptable, if the tendency of the laws were to create a rapid accumulation of property in few hands, and to render the great mass of the population dependent and penniless.

Daniel Webster (1782-1852) American statesman, lawyer, orator
Speech (1820-12-22), “First Settlement of New England,” Plymouth, Massachusetts

More about this quote: wist.info/webster-daniel/80794…

#quote #quotes #quotation #qotd #danielwebster #accumulation #concentrationofwealth #economicinjustice #economicsystem #freegovernment #freedom #government #incomeinequality #laws #plutocracy #politicalsystem #property #wealth

A quotation from Molly Ivins

   Seems to me it’s a simple concept — the concentration of wealth is a Bad Idea. Since capital tends to concentrate, it is one of the functions of government to oppose this tendency. That’s why we used to have antimonopoly laws and the like.
   When you see government encouraging the concentration of wealth, check your wallet.

Molly Ivins (1944-2007) American writer, political columnist [Mary Tyler Ivins]
Essay (1991-02), “Season of Drear,” The Progressive

More info about this quote: wist.info/ivins-molly/78877/

#quote #quotes #quotation #qotd #mollyivins #antimonopoly #capital #capitalism #concentrationofwealth #economicinjustice #government #kleptocracy #monopoly #plutocracy #publicpolicy #riches #wealth

A quotation from Franklin Roosevelt

Among us today a concentration of private power without equal in history is growing. This concentration is seriously impairing the economic effectiveness of private enterprise as a way of providing employment for labor and capital and as a way of assuring a more equitable distribution of income and earnings among the people of the nation as a whole.

Franklin Delano Roosevelt (1882-1945) American lawyer, politician, statesman, US President (1933-1945)
Message (1938-04-29) to Congress, On Curbing Monopolies

Sourcing, notes: wist.info/roosevelt-franklin-d…

#quote #quotes #quotation #qotd #fdr #franklinroosevelt #franklindroosevelt #bigbusiness #capitalism #concentrationofwealth #economicinjustice #labor #oligarchy #privateenterprise

A quotation from Franklin Roosevelt

Among us today a concentration of private power without equal in history is growing. This concentration is seriously impairing the economic effectiveness of private enterprise as a way of providing employment for labor and capital and as a way of assuring a more equitable distribution of income and earnings among the people of the nation as a whole.

Franklin Delano Roosevelt (1882-1945) American lawyer, politician, statesman, US President (1933-1945)
Message (1938-04-29) to Congress, On Curbing Monopolies

Sourcing, notes: wist.info/roosevelt-franklin-d…

#quote #quotes #quotation #qotd #fdr #franklinroosevelt #franklindroosevelt #bigbusiness #capitalism #concentrationofwealth #economicinjustice #labor #oligarchy #privateenterprise

A quotation from Franklin Roosevelt

Among us today a concentration of private power without equal in history is growing. This concentration is seriously impairing the economic effectiveness of private enterprise as a way of providing employment for labor and capital and as a way of assuring a more equitable distribution of income and earnings among the people of the nation as a whole.

Franklin Delano Roosevelt (1882-1945) American lawyer, politician, statesman, US President (1933-1945)
Message (1938-04-29) to Congress, On Curbing Monopolies

Sourcing, notes: wist.info/roosevelt-franklin-d…

#quote #quotes #quotation #qotd #fdr #franklinroosevelt #franklindroosevelt #bigbusiness #capitalism #concentrationofwealth #economicinjustice #labor #oligarchy #privateenterprise

A quotation from Franklin Roosevelt

Among us today a concentration of private power without equal in history is growing. This concentration is seriously impairing the economic effectiveness of private enterprise as a way of providing employment for labor and capital and as a way of assuring a more equitable distribution of income and earnings among the people of the nation as a whole.

Franklin Delano Roosevelt (1882-1945) American lawyer, politician, statesman, US President (1933-1945)
Message (1938-04-29) to Congress, On Curbing Monopolies

Sourcing, notes: wist.info/roosevelt-franklin-d…

#quote #quotes #quotation #qotd #fdr #franklinroosevelt #franklindroosevelt #bigbusiness #capitalism #concentrationofwealth #economicinjustice #labor #oligarchy #privateenterprise

A quotation from Franklin Roosevelt

Among us today a concentration of private power without equal in history is growing. This concentration is seriously impairing the economic effectiveness of private enterprise as a way of providing employment for labor and capital and as a way of assuring a more equitable distribution of income and earnings among the people of the nation as a whole.

Franklin Delano Roosevelt (1882-1945) American lawyer, politician, statesman, US President (1933-1945)
Message (1938-04-29) to Congress, On Curbing Monopolies

Sourcing, notes: wist.info/roosevelt-franklin-d…

#quote #quotes #quotation #qotd #fdr #franklinroosevelt #franklindroosevelt #bigbusiness #capitalism #concentrationofwealth #economicinjustice #labor #oligarchy #privateenterprise

A quotation from Oliver Goldsmith

Ill fares the land, to hastening ills a prey
Where wealth accumulates, and men decay.

Oliver Goldsmith (1730-1774) Irish poet, playwright, novelist
Poem (1769) “The Deserted Village,” ll. 51-52

Sourcing, notes: wist.info/goldsmith-oliver/769…

#quote #quotes #quotation #qotd #concentrationofwealth #distributionofwealth #economicinjustice #incomeinequality #oligarchy #wealth #decay #decline #socialills #socialdisorder

Q: this #economic #system is #fucked

A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:

* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.

* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability

* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.

* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.

There are many alternative economic systems and theories that aim to address these issues, such as:

* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.

It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.

It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.

Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps

A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:

**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.

**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.

**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.

Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):

**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.

**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.

**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.

Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.

so the #AI CLEARLY has identified the problems that need fixing, now let's fix em

#economy #wtf #fixthis #fixthisshit #shit #argh #cmon #change #thanks #europe #usa #planet #eu #economists #climatechange

Q: this #economic #system is #fucked

A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:

* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.

* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability

* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.

* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.

There are many alternative economic systems and theories that aim to address these issues, such as:

* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.

It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.

It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.

Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps

A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:

**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.

**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.

**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.

Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):

**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.

**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.

**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.

Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.

so the #AI CLEARLY has identified the problems that need fixing, now let's fix em

#economy #wtf #fixthis #fixthisshit #shit #argh #cmon #change #thanks #europe #usa #planet #eu #economists #climatechange

Q: this #economic #system is #fucked

A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:

* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.

* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability

* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.

* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.

There are many alternative economic systems and theories that aim to address these issues, such as:

* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.

It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.

It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.

Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps

A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:

**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.

**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.

**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.

Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):

**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.

**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.

**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.

Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.

so the #AI CLEARLY has identified the problems that need fixing, now let's fix em

#economy #wtf #fixthis #fixthisshit #shit #argh #cmon #change #thanks #europe #usa #planet #eu #economists #climatechange

Q: this #economic #system is #fucked

A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:

* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.

* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability

* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.

* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.

There are many alternative economic systems and theories that aim to address these issues, such as:

* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.

It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.

It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.

Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps

A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:

**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.

**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.

**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.

Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):

**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.

**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.

**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.

Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.

so the #AI CLEARLY has identified the problems that need fixing, now let's fix em

#economy #wtf #fixthis #fixthisshit #shit #argh #cmon #change #thanks #europe #usa #planet #eu #economists #climatechange

Q: this #economic #system is #fucked

A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:

* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.

* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability

* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.

* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.

There are many alternative economic systems and theories that aim to address these issues, such as:

* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.

It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.

It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.

Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps

A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:

**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.

**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.

**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.

Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):

**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.

**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.

**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.

Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.

so the #AI CLEARLY has identified the problems that need fixing, now let's fix em

#economy #wtf #fixthis #fixthisshit #shit #argh #cmon #change #thanks #europe #usa #planet #eu #economists #climatechange

@W_Lucht
I'm sure what he means by "obliging young people to a year of mandatory social service " is he want more free labor so he can increase his #concentrationOfWealth
#democracy is more than how we vote!

"The McKinley years were those of the Gilded Age, in which industrialists amassed fortunes that they spent in spectacular displays. Cornelius and Alva Vanderbilt’s home on New York’s Fifth Avenue cost more than $44 million in today’s dollars, with stables finished in black walnut, cherry, and ash, with sterling silver metalwork,"

#Trump #GildedAge #1890s #McKinley #tariffs #EconomicDisparity #ConcentrationofWealth #RobberBarons
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Both Heather Cox Richardson and Kevin Kruse, accomplished historians each of them, comment on Trump's recent paean of praise to President McKinley and the Gilded Age — an age to which he promises to take us back if we give him the presidency again.

"By pointing to McKinley’s presidency to justify his economic plan, Trump gives away the game."

#Trump #GildedAge #1890s #McKinley #tariffs #EconomicDisparity #ConcentrationofWealth #RobberBarons
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https://heathercoxrichardson.substack.com/p/october-5-2024

@estherschindler
The salient point is at the end.
...in the nation where the top 1% hold more than one-third of the country’s wealth ...

If we are not talking about the concentration of wealth, we are not talking about the problem.

#democracy is more than how we vote but we must vote.

#concentrationOfWealth #vote

remember, you are not voting for the perfect candidate, you are voting for the best of the choices you are given
Then you get to improve your choices the next time..

@helenczerski
we could also use some of these lessons in the US. both the #train lessons and the #bike lessons.
The USA is way behind in public services but in other news they are in the lead in #concentrationOfWealth. 😞

Either governments get this under control or people will take matters into their own hands. It's human nature. If rich people and corporations continue to behave as they have, the pitchforks and torches will come out. They don't get this, and just keep trying to get more.

They don't really create wealth. They just hoard it. The rest of us do the work to create the wealth.

#IncomeEquality #ConcentrationOfWealth
#RichPeople #CorporateGreed #LevelThePlayingField

https://www.cnn.com/2023/01/15/business/top-1-wealth-oxfam-davos/index.html

@psztrnk in answer to your question, no, but it is the cheapest solution and that maintains the highest #concentrationOfWealth. the primary goal of all corporate politicians. it's sad