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Stiglitz: The American Economy Is Rigged

https://www.scientificamerican.com/article/the-american-econ...
boyish impertinent box office legend
  10/19/18
"the U.S. has the highest level of economic inequality ...
boyish impertinent box office legend
  10/19/18
Yeh, his fellow ethnics can take a fair share of the blame f...
Cream Diverse Forum
  10/19/18
"Political scientists have documented the ways in which...
boyish impertinent box office legend
  10/19/18
Socialist propaganda
Excitant Amethyst Reading Party Hall
  10/19/18
*has sore back from carrying GC's load* *asks for more*
boyish impertinent box office legend
  10/19/18
*is retarded* *asks for gibs*
bronze space persian
  10/19/18
Is he running for president? What is this shit? "The...
flushed dragon nibblets
  10/19/18


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Date: October 19th, 2018 8:20 PM
Author: boyish impertinent box office legend

https://www.scientificamerican.com/article/the-american-economy-is-rigged/

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37058997)



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Date: October 19th, 2018 8:21 PM
Author: boyish impertinent box office legend

"the U.S. has the highest level of economic inequality among developed countries. It has the world's greatest per capita health expenditures yet the lowest life expectancy among comparable countries. It is also one of a few developed countries jostling for the dubious distinction of having the lowest measures of equality of opportunity."

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37059005)



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Date: October 19th, 2018 8:27 PM
Author: Cream Diverse Forum

Yeh, his fellow ethnics can take a fair share of the blame for most of these problems.

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37059023)



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Date: October 19th, 2018 8:25 PM
Author: boyish impertinent box office legend

"Political scientists have documented the ways in which money influences politics in certain political systems, converting higher economic inequality into greater political inequality. Political inequality, in its turn, gives rise to more economic inequality as the rich use their political power to shape the rules of the game in ways that favor them—for instance, by softening antitrust laws and weakening unions. Using mathematical models, economists such as myself have shown that this two-way feedback loop between money and regulations leads to at least two stable points. If an economy starts out with lower inequality, the political system generates rules that sustain it, leading to one equilibrium situation. The American system is the other equilibrium—and will continue to be unless there is a democratic political awakening."

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37059011)



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Date: October 19th, 2018 8:27 PM
Author: Excitant Amethyst Reading Party Hall

Socialist propaganda

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37059020)



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Date: October 19th, 2018 8:30 PM
Author: boyish impertinent box office legend

*has sore back from carrying GC's load*

*asks for more*

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37059039)



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Date: October 19th, 2018 8:32 PM
Author: bronze space persian

*is retarded*

*asks for gibs*

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37059044)



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Date: October 19th, 2018 8:42 PM
Author: flushed dragon nibblets

Is he running for president? What is this shit?

"There is no magic bullet to remedy a problem as deep-rooted as America's inequality. Its origins are largely political, so it is hard to imagine meaningful change without a concerted effort to take money out of politics—through, for instance, campaign finance reform. Blocking the revolving doors by which regulators and other government officials come from and return to the same industries they regulate and work with is also (((essential))).

Beyond that, (((we need))) more progressive taxation and high-quality federally funded public education, including affordable access to universities for all, no ruinous loans required. (((We need))) modern competition laws to deal with the problems posed by 21st-century market power and stronger enforcement of the laws we do have. (((We need))) labor laws that protect workers and their rights to unionize. (((We need))) corporate governance laws that curb exorbitant salaries bestowed on chief executives, and (((we need))) stronger financial regulations that will prevent banks from engaging in the exploitative practices that have become their hallmark. (((We need))) better enforcement of antidiscrimination laws: it is unconscionable that women and minorities get paid a mere fraction of what their white male counterparts receive. (((We also need))) more sensible inheritance laws that will reduce the intergenerational transmission of advantage and disadvantage.

The basic perquisites of a middle-class life, including a secure old age, are no longer attainable for most Americans. (((We need))) to guarantee access to health care. (((We need))) to strengthen and reform retirement programs, which have put an increasing burden of risk management on workers (who are expected to manage their portfolios to guard simultaneously against the risks of inflation and market collapse) and opened them up to exploitation by our financial sector (which sells them products designed to maximize bank fees rather than retirement security). Our mortgage system was our Achilles' heel, and we have not really fixed it. With such a large fraction of Americans living in cities, (((we have to have))) urban housing policies that ensure affordable housing for all."

(http://www.autoadmit.com/thread.php?thread_id=4110717&forum_id=2#37059083)