Inequality: Why are the rich getting richer?

What Hacker News said

Cites thulecitizen · 2020-04 · on “Small business rescue earned banks $10B in fees”

There are many calls for public banking by people such as Ellen Brown [1], as well organizations such as the MetaCurrency Project [2] and Positive Money [3]. [1] [LINK] [2] [LINK] [3] [this video]

Cites bergstromm466 · 2020-09 · on “Central Banking for All: A Public Option for Bank Accounts (2018) [pdf]”

Commercial banking, together with the Intellectual Property system, is one of the greatest Rentier swindles of all time. We are literally renting the money we use, for extortionate prices [1]. "The dollar as a reserve currency transfers wealth from the rest of world to the USA One final way in which money works today that has a substantial effect on the workings of the global political economy is the use of the US dollar as the international reserve currency. This follows the decision of the OPEC countries shortly after the end of the Second World War to accept only dollars for their oil. Today, the dollar is used for trade in many other commodities. This acts as a huge subsidy to the US eco

Cites beckman466 · 2021-05 · on “Uber used 50 Dutch shell companies to dodge taxes”

> No they're usually used by basically all companies that aren't tiny. Ummm... that's what I said. That's my point. It's become normalized for corporations to not take responsibility. The working class always ends up paying the price here. Collectively we in the working class now expect corporations to treat us badly and that we have to accept this abusive behavior. In the context of more and more of the working class now starting to work in "non-jobs" in the gig economy, this current trajectory is becoming a bigger and bigger nightmare for the working class all over the world (see Nomadland, Sorry to Bother You, The True Cost, Blood in the Mobile, Push (Fredrik Gertten)). I argue that, alon

Cites beckman466 · 2021-07 · on “EU withheld a study that shows piracy doesn't hurt sales (2017)”

Unfortunately yes - although in many cases of course they are much more fragile than the bigger studios. Indie game developers are a part of the labor aristocracy - they still create artificial scarcity where none need be. Overall I see our world as a black box hellworld. I don't think most hardware and software are high quality at all. Proprietary tech is a straightjacket. I believe we can definitely escape it though. Some even say overcoming proprietary tech is essential if we want to make it out of global warming: "The current political economy is based on a false idea of “immaterial scarcity.” It believes that an exaggerated set of intellectual property monopolies – for copyrights, trade

Cites beckman466 · 2021-09 · on “Spain will ban selling fruit and vegetables in plastic containers starting 2023”

> Automated, and hidden taxes is one of the reason the government can actually steal errrr collect as much money as it does The government creates, and then rents to us (usury), the money we all use [1]. It holds a monopoly on money creation. Governments can create money to build infrastructure, hospitals and housing (many leftist governments in Europe have [2]) at will. Government doesn't need to collect taxes to do any of the things I mentioned, that's a myth. External constraints on national budgets are a myth. National budgets are just monetary debts by the government carried by citizens. [3] [1] Inequality: Why are the rich getting richer? | Positive Money: [this video] [2] What could Vienna