The kind of economic views that get heavily upvoted on Reddit really terrify me, because I view it as an indication of the future as our generations age. They don't even seem like economic views, but rather moral values wearing the clothes of economic opinions.
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Our economic system is so delicate and so mindblowingly complex and trying to 'fix' things according to your personal simplistic and moralistic story is like clipping the toes off a cat or breeding pugs till they can't breathe because "I like it better that way"
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Anything political, moral, or “economic” on Reddit is dreadful. I can’t stand to visit if I’m not logged on.
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The Socialist’s worst nightmare is a free society where individuals work, succeed and prosper. It gives the lie to their gloomy tales of ‘exploitation’ and renders them totally obsolete. They want you to fail so they can ‘save’ you!
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Maybe they're being upvote because the background context is already understood. Would you rather us write out the full text of "Das Kapital" before commenting on economic issues?
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Hell no. I'd rather we replaced it with a book that lifts every body up rather than tears everything down.
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I don't know what you're reading, but I've yet to read a single comment saying being rich is bad. Nothing wrong with being rich, but amount of wealth at the top of the system is literally incomprehensible. Several hundred people should not have as much as half the population.
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An economy only works if money is flowing, but wealth aggregation is the literal opposite of that. You could tax some of the richest people in the world 99% of their wealth and it would not affect their day to day life. They would still be unimaginably rich.
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That's part of the rub, imo. People will neglect the social good that follows from profit-seeking and we seem on some level wired for relative comparisons (haves and have nots). So we have to tolerate some (unfair) confiscation to avoid a mob burning the whole thing down.
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Freedom to create is the foundation of robust economies. Study history, there is a direct correlation between these 2 dynamics. What´s vexing is we humans can´t learn the simplest, and most important, of things. But we need to keep trying.
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