Class War: Low Wages and Beggar Thy Neighbor
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Uploaded by TheRealNews on Dec 10, 2011
Dr. Heiner Flassbeck: The words "class war" maybe unfashionable, but it is still a battle between labor and capital
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Top Comments
All Comments (78)
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So not having inflation is just as bad as having inflation? When there is no inflation, you can save your money without exposing it to risk, but when there is inflation, you need to "invest" your savings and expose them to risk just to keep the same purchasing power. This is the main point that the inflationists miss. Inflation also encourages debt because of the value of future payments.
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What we have in the Western Civilization is Crony Capitalism. The Capitalists want socialism for themselves, and capitalism for lower classes.
2 months ago 2
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I cannot understand how fashion can be taken into account when talking about politics. Why are words like communism or class-war so useless now as you cannot pronounce them in a political discussion if you want to be taken seriously. I am not stating a fact, I actually want to know if someone has any idea about the ridiculous relationship between politics (i.e. the way power is distributed and its ways) and fashion.
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@Austyg true but the difference is we have a money/market middle man between us and those resources. Google it for links to better info describing what it looks like.
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@elbowbiter1 -- Most of the world economies today are based on exploitation of natural resources, no?
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@Austyg A resource based society.
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@elbowbiter1 -- Yes, a reconceptualization of what wealth is piques my interest. Would you posit one example?
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@Austyg What about societies with a completely new perspective on what wealth is?
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