Call Me Stormy

Finding righteous currents in turbulent times

Archive for the tag “income inequality”

Why Civilizations Collapse

Rudyard Lynch tells Dr. Edward Dutton, host of The Jolly Heretic, to discuss the long-term historical cycles that civilizations go through, with a particular focus on the 250-year secular cycle that seems to parallel modern Western societies with the French Revolution era.

Lynch, who runs the WhatIfAltHist channel, lays out the drivers behind this cycle–income inequality, wage stagnation and competition for elite jobs–and explains  why civilizations eventually collapse. Here’s the interview.

Rich And Poor Get Richer

Everywhere people trash capitalism. It’s become the punching bag of choice because people don’t understand it. Popular refrains are: The rich always get richer, or capitalism funnels all the money to the top one percent.

Appearing on the John Stossel podcast, economist Dan Mitchell sets the record straight and busts the ridiculous ideas about rich entrepreneurs, income inequality and monopolies. Says Mitchell, “The rich get richer in a capitalist society, but guess what? The rest of us get richer as well.” Here more with Stossel and Mitchell.

What Does The Future Hold?

Equality is the sum of societal destruction. So argues Black Pigeon Speaks in this look at rising inequalities as the alleged democratic government of the United States teeters on the brink of collapse. Will we descend into full-scale communism? What does the future hold?

Catastrophe Is The Cure

Catastrophe: Is it the only cure for inequality? Black Pigeon Speaks asks this question in delving into the great disparities in recent years. We now have more multi-billionaires than ever before, as well as more poverty. Can the middle class between these two poles even survive?

Income Inequality A Farce

A funny thing happened on Fox News’ The O’Reilly Factor the other day. Libertarian and consumer reporter John Stossell and Factor host Bill O’Reilly actually agreed on another topic emanating from the Obama Administration that will surely become another fake issue: income inequality. Both believe it’s bogus.

“What the liberal will never understand, the Democratic Party as well, is that some people just don’t do what is necessary to have the pie that you take out of the oven. Or even have the oven,” O’Reilly says. “They will not or cannot do it.”

He was reacting to Stossel’s satirical pie-baking demonstration and the much-used cliche that the rich get the bigger slice of the pie. Says Stossel, “The reporters often say. ‘the rich got richer,’ which they did. That’s a by-product of freedom, there will be a wealth disparity. And the poor got poorer. But that’s a lie. The poor have not gotten poorer. Middle incomes have stagnated, but that leaves out a lot of the good stuff that poor and middle-income people get.”

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