Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (255393)	7/8/2014 4:35:50 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 542597

" Read it and then rip away" "The pie metaphor is deceptive because a pie is of a fixed size such that if your slice is larger, then someone else’s is smaller. But economies grow, and the pie gets larger such that you and I can both get a larger slice compared with the slices we got from last year’s pie" Sweet; I can save 994 words.

To: Steve Lokness who wrote (255393)	7/8/2014 6:28:06 PM
From: Metacomet	Read Replies (1) \| Respond to of 542597

Like an un-house broke puppy, it's time to get your nose rubbed in this again..

To: Steve Lokness who wrote (255393)	7/8/2014 9:00:58 PM
From: koan	Respond to of 542597

If you want to know about income inequality, how about going to the big kahuna who is the most referenced economist in the world and a nobel prize winner. Here is what he says: "http://www.nytimes.com/2012/08/05/books/review/the-price-of-inequality-by-joseph-e-stiglitz.html?pagewanted=all&_r=0 Joseph E. Stiglitz’s new book, “The Price of Inequality,” is the single most comprehensive counterargument to both Democratic neoliberalism and Republican laissez-faire theories. While credible economists running the gamut from center right to center left describe our bleak present as the result of seemingly unstoppable developments — globalization and automation, a self-replicating establishment built on “meritocratic” competition, the debt-driven collapse of 2008 — Stiglitz stands apart in his defiant rejection of such notions of inevitability. He seeks to shift the terms of the debate. THE PRICE OF INEQUALITY By Joseph E. Stiglitz 414 pp. W. W. Norton & Company. $27.95. koan: Here is the guts of his argument and I think he is right on--- it is about POWER! Times Topics: Income Inequality \| Joseph E. Stiglitz It is not uncontrollable technological and social change that has produced a two-tier society, Stiglitz argues, but the exercise of political power by moneyed interests over legislative and regulatory processes. “While there may be underlying economic forces at play,” he writes, “politics have shaped the market, and shaped it in ways that advantage the top at the expense of the rest.” But politics, he insists, is subject to change. PS, this is exactly why obama should have listened to him, iinstead of the weenie Geithner and slime ball Summers.