5 ms·

On a related note about the economic system have a look at this: http://www.upworthy.com/9-out-of-10-americans-are-completely-wrong-about-this-mind-blowing-fact

by Vulkum 12y ago

On a related note about the economic system have a look at this: http://www.upworthy.com/9-out-of-10-americans-are-completely-wrong-about-this-mind-blowing-fact-2 http://www.upworthy.com/9-out-of-10-americans-are-completely... This is what happens when wealth accumulates at the top of the pyramid. The video is talking about people, but those people are those behind the companies you mentioned (including Google, Facebook, hedge funds and oil companies). The problem with capitalism in my opinion, is that it's not truly capitalism: i.e. it's not the free competition system they claim it to be, but a system which is "more free" for some.

zyx321 12y ago
9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact Was Upworthy really the best source for this? The transcript is very nearly useless. Furthermore, 'true' captalism with a truly free market is quite unrealistic, since it would require all participants to be effectively omniscient and infinitely rational (and even then you would have to compare it to 'true' communism, where no one is ever selfish or lazy)
- Vulkum 12y ago
  I think the original source is on a youtube channel: https://www.youtube.com/watch?v=QPKKQnijnsM https://www.youtube.com/watch?v=QPKKQnijnsM . The video aggregates data from multiple sources: http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph http://www.motherjones.com/politics/2011/02/income-inequalit... http://danariely.com/2010/09/30/wealth-inequality/ http://danariely.com/2010/09/30/wealth-inequality/ http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/ http://thinkprogress.org/economy/2011/10/03/334156/top-five-... http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.h... How reliable these sources are, I'm not sure. If the information is wrong, I wouldn't blame it on Upworthy, it's a distribution channel after all.
  - zyx321 12y ago
    I'm not disputing the video. I haven't been able to watch it yet. I'm saying we shouldn't be supporting the likes of Upworthy under any circumstances.

by Vulkum 12y ago

zyx321 12y ago

9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact Was Upworthy really the best source for this? The transcript is very nearly useless. Furthermore, 'true' captalism with a truly free market is quite unrealistic, since it would require all participants to be effectively omniscient and infinitely rational (and even then you would have to compare it to 'true' communism, where no one is ever selfish or lazy)

Vulkum 12y ago
I think the original source is on a youtube channel: https://www.youtube.com/watch?v=QPKKQnijnsM https://www.youtube.com/watch?v=QPKKQnijnsM . The video aggregates data from multiple sources: http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph http://www.motherjones.com/politics/2011/02/income-inequalit... http://danariely.com/2010/09/30/wealth-inequality/ http://danariely.com/2010/09/30/wealth-inequality/ http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/ http://thinkprogress.org/economy/2011/10/03/334156/top-five-... http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.h... How reliable these sources are, I'm not sure. If the information is wrong, I wouldn't blame it on Upworthy, it's a distribution channel after all.
- zyx321 12y ago
  I'm not disputing the video. I haven't been able to watch it yet. I'm saying we shouldn't be supporting the likes of Upworthy under any circumstances.