This is what I was saying the other day. Class divisions are projected to continue worsening.

In 40 years, even Sweden will have about the same level of economic inequality as the United States does today (that is, one of the highest in the world).…
Furthermore, they get harder to decrease with time because the distribution of resources between classes is linked with technological progress and globalization, and slowing growth reduces the effectiveness of redistributing growth.
The OECD in that pdf says inequality in the USA will rise about 40% by 2060.

That's insane, and its funny because that would be about or even exceeding where Sweden was in 1916, as it was one of the most oligarchic and class-stratified societies in the world at the time.

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More from @TristamPratori1

23 Nov
The idea of objectively ''evil people'' is used to justify hierarchy.

I feel that progressives and conservatives would describe dictators differently. Those on the left describe the *consequences* of rulers as negative, while folk morality just labels them morally as ''evil.''
The first one is right. Dictators are not bad because we consider them ''evil,'' they are bad because the structure and consequence of dictatorial rule is bad.

In fact, the simple folk morality of ''evilness'' perpetuates the authoritarianism that dictatorships are justified on.
Especially fascist and nationalist dictatorships, which are directly misanthropic in their worldview.
Read 5 tweets
21 Nov
Avoid the slacking use of ''imperialism'' in trade debates.

There's a nice theoretical tradition behind it, but we should avoid sloganeering.

The Hobson / Lenin / Hilferding school sees imperialism as countries using political means to vent their trade and financial surpluses.
The Hobson / Lenin / Hilferding school would consider China the quintessential imperialist country in today's world, not Sweden or Denmark.

Even if countries have a particular trade balance or relation of exchange with other nations, it depends on what their *politics* are.
The US importing cheap textiles from Bangladesh is not imperialism, sorry.

Not even Lenin called that imperialism. Lenin uses the example of the Berlin–Baghdad railway in his famous book. In fact, that bears the most resemblance to China's silk road project.
Read 5 tweets
19 Nov
Whatever the best legal conclusion for the Rittenhouse case is, there is a possibility that his acquittal itself will encourage armed right-wing vigilantes and insurrectionists.
Many of the Capital stormers in January got off, GOP legislatures considered bills to protect people who use their cars against protestors in ''self-defense,'' and now Rittenhouse has continued the pattern.

It could embolden right-wing extremist behavior.
Basically, it is a moral hazard.
Read 4 tweets
19 Nov
We should've done a radical reconstruction:

- Strictly enforce 14th and 15th amendments and ban Black Codes, arrest warrants for entities that hinder enforcement

- Full expropriation of Southern landowners and rapid industrialization

- Keep troops in until at least 1885
Expropriation includes abolishing sharecropping, redistributing property and levying land taxes, which hastens industrialization by removing wasted resources / rents from the agriculture sector.
Any other ideas on how reconstruction could have been achieved better?
Read 5 tweets
17 Nov
The real challenge of automation will not be unemployment per se (although that could be a tendency), but a crisis of overproduction and overaccumulation in general.
Furthermore, overproduction induces instability and depresses profitability in the sectors where it takes hold.

This causes investment to flee into finance and land speculation, which worsens the housing crisis and asset bubbles.
The housing crisis is to a large extent the corollary of technological progress harnessed for private gain, because of the exit of investment into stable sources of rent rather than manufacturing sectors with shrinking growth opportunities due to advanced accumulation of capital.
Read 4 tweets
17 Nov
One thing that people should consider is that the negative impacts of automation aren't necessarily robots replacing occupations.

Let me introduce you to overproduction.
In tradeable, capital-intensive sectors, overproduction and overcapacity takes hold. Commodities rapidly devalue. This places limitations on wages, causes mass layoffs, bankruptcies of smaller firms and firm consolidation to insulate from deflationary pressure.
Manufacturing is a classic example, which has been in frequent crisis and stagnation for decades.

Technological progress and tradeability is often seen as good thing, but in sectors that obtain ultra-productive capabilities, this often reaches a point of rabid instability.
Read 7 tweets

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