Remarks below.
On 01/08/2014 06:51 PM, [email protected] wrote:
https://play.google.com/store/books/details?id=CLDgDxHNu1oC&source=productsearch&utm_source=HA_Desktop_US&utm_medium=SEM&utm_campaign=PLA&pcampaignid=MKTAD0930BO1
I listened to several interviews with this guy.
Among the things he writes about is that income disparity is pretty
much here to stay. But instead of 1% and the rest, it is more likely
to be about 15% who have resources, with most everyone else just
scraping by.
Indeed lots of people I talk to are just scrapping by. A lot of people
are too proud to admit it though. You have to pry sometimes to find what
their case is. A lot of the unemployed are highly educated and have a
lot of experience. People's futures have been stolen and they should
not be depressed, they should be downright angry.
He also points out, (either correctly or incorrectly) that the
catalyst for social upheavals in the past was because people did not
have enough to eat, and that is not likely to be the case now.
The riots in Spain and Greece are do to people not being able to afford
food. Do you do the grocery shopping in the family? Have you notice
food prices going up faster than the rate of inflation? Or food packages
getting smaller but still the same price? Or the ingredients in
something now are cheaper or more fillers than when you bought the
product several years ago?
Also, technology, being so accessible, is able to provide enough
comfort and satisfaction so that people will be okay with a lower
standard of living.
The last time the US economy was in balance was in the 1970s. After
that it started going wacko. Much of the "prosperity" of the country
was based on credit and people tricked into buying things they really
didn't need. It's like there was a scheme to put everyone in debt.
Yes, technology is one thing that has gotten cheaper. But people don't
need to be activists 24/7 so some recreation is fine. A lot of folks
wanted to downsize too as they got older but it has been difficult to
sell their homes and renting something smaller often costs as much as
the mortgage they are already paying. It's crazy.
Another thing said is that stats will continue to drive most
decisions. Just as in sports stats have become dominant in measuring
every nuance, this will continue in one's personal life, determining
credit worthiness, and into areas not yet so affected in this way.
And a lot of stats aren't at all, many stats are propaganda. Be sure to
consider the source.
