If people are paid too little “working poor” – if work does not pay off anymore – the whole capitalistic free market system is about to fail.
If it is the same income if people stay at home or or go to work – something fundamental is wrong and it is not the state well fare.
It is a evil combination of big companies and super rich 1% dogging their collective responsibility for society and avoid taxes and paying their workers too little (poverty line is 1000€ after taxes in Germany, minimum wage is 9.35€ before tax per hour.
or in other words:
if extraction / stealing money (also in digital form) in secrecy (cum-ex scandal: banks are fined to pay 400 Million € (aprox. 80 Billion € in taxes are fleeing EU countries EVERY YEAR! (with the help of banks))) pays off better paid than actually CREATING VALUE (which should be all the free market is about about) – capitalism is a cancer to itself and programmed for self destruction.
The US and the EU should team up (maybe at the UN?) and place trade embargoes on countries that become rich with tax dumping and avoidance – if Trump and and the next president does not take this topic serious – they don’t take justice serious.
It is rather a very unsustainable way of finance and economics that will drive voters towards more radical parties (extreme right wing minister could only be prevented in economically weak east Germany (former DDR) by intervention from Merkel).
Taz: Macron now wants to “flexibilize” wages in France by eliminating collective agreements for entire industries, but only agreements for individual companies.
Flassbeck: “This is exactly the wrong policy and a blind copy of the German guidelines.
France would have to reduce its wages by about -20% in order to catch up with Germany.
But this is not possible because domestic demand in France would collapse and unemployment would rise dramatically.
Instead, German wages would have to rise by about +5% annually, over many years. Only then will there be a Chance to save Europe.”
it’s the most incompetent who are the most confident
(GREAT! this explains the fail state of our western democracies in one sentence! (but also Socrates: democracy only works as well as the educational system)
while the intelligent ones doubt their own abilities
dumb people are too dumb to know how dumb they are
ah gosh… we all gonna die. Mankind is a slow learner. But the internet (would it be uncensored (without fake news monopolies) cheap (no PRIVATE MONOPOLIES!) easy to access and cost effective, can act as a “educate each other” tool, it is the century of Open informations!
Share your results with the world!
Smart people are clever enough to know how much they don’t know“
or as Socrates said: “i know, that (compared to all that can be known) i know nothing” (source)
also would add:
children want to succeed
no child is born that says: “i want to be a failure”
children are born with curiosity in mind
school stuffs them with massive amounts of “test and forget” useless informations – in the end – not much curiosity is left
this private corporatism “the planet is owned by the highest bidder” (who has access (!) to the cheapest loan of a private bank) is the true devil of our times.
Selfishness and greed are the exact opposite of love – and might kill all of mankind.
Climatechange is just a sideffect of that – it is just more profitable to destroy the planet and the climate – than to restore the balance – this only can end deadly.
Survey: Capitalism ‘doing more harm than good,’ and technology is ‘out of control’
real sense of unfairness
According to Edelman, 56% of respondents question capitalism as it exists today. The survey also found that 78% of respondents agreed with the statement that “regular people struggle just to pay their bills as elites get richer than they deserve.”
“Wealth and income inequality has reached, as it did then (1920s), a Dimension in which the power of the rich and the blackmail of democratically elected politicians become so great that democracy threatens to become a Farce.