Why economic inequality leads to collapse

[BrilloPad]

Why economic inequality leads to collapse | Business | The Observer

Summarises what I have been thinking for a while. To kick start growth we need less inequality. And an end to ridiculous beaurocracy, red-tape and petty rules. And less government interference/taxation.

[DimPrawn]

Why economic inequality leads to collapse | Business | The Observer

Summarises what I have been thinking for a while. To kick start growth we need less inequality. And an end to ridiculous beaurocracy, red-tape and petty rules. And less government interference/taxation.

I believe the govt are currently drafting 200 new laws, pieces of legislation, guidelines and directives and 15 new quangos to oversee, report on and action the reduction of red tape and govt interference.

[xoggoth]

Not sure it's about equality, more about resentment of what is seen as unearned or unjustified wealth. Poorer working people are critical of benefit scroungers or bankers with huge bonuses that don't relate to merit but never see much directed at people like Branson who have actually earned their dosh.

[oracleslave]

Why economic inequality leads to collapse | Business | The Observer

Summarises what I have been thinking for a while. To kick start growth we need less inequality. And an end to ridiculous beaurocracy, red-tape and petty rules. And less government interference/taxation.

http://www.amazon.co.uk/World-Fire-E...8540719&sr=8-4

[bobspud]

Not sure it's about equality, more about resentment of what is seen as unearned or unjustified wealth. Poorer working people are critical of benefit scroungers or bankers with huge bonuses that don't relate to merit but never see much directed at people like Branson who have actually earned their dosh.

Thats an interesting point. Why do we think that the Bearded One is fine with his own Island, but bankers and traders that would have pulled the investment capital together and worked 20 hour days to do the deals are just parasitic?

On the face of it Richard B wakes up one morning and says right lets build Virgin Galactic... How much do you think the team that actually builds that company will receive?

<discuss>

[DodgyAgent]

Thats an interesting point. Why do we think that the Bearded One is fine with his own Island, but bankers and traders that would have pulled the investment capital together and worked 20 hour days to do the deals are just parasitic?

On the face of it Richard B wakes up one morning and says right lets build Virgin Galactic... How much do you think the team that actually builds that company will receive?

<discuss>

Does it matter?

[vetran]

Branson actually creates jobs and makes something. There is an end product or service that is either better, cheaper or more attractive than is made by anyone else. There seems some nobility in that.

The bankers tend to just make money from something, they seem to have no compunction about destroying other businesses on the way and they don't replace them.

I think that is what infuriates people so much.

[gingerjedi]

The bankers tend to just make money from nothing, they seem to have no compunction about destroying other businesses on the way and they don't replace them.

I think that is what infuriates people so much.

FTFY

(Which is the bit I don't get and nobody has come up with a good explanation of how they do this yet)