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Thoughts?

By JLP | November 13, 2012

I’m watching this right now:

Watch Park Avenue: Money, Power & the American Dream on PBS. See more from Independent Lens.

Topics: Economics, Politics | 5 Comments »


5 Responses to “Thoughts?”

  1. Jack Says:
    November 13th, 2012 at 6:57 pm

    Isn’t it funny how the left — whose sole purpose is the expansion of government into all aspects of our lives — complains about “the system” they worked to create. If the U.S. government kept its actions to those powers granted to it by States through the Constitution, there would be far less reason for people to buy congresscritters, since the congresscritters would have little power.

    Now, the reason we have seen such an expansion of the income gap is the growth of efficiencies. Computers allow a few people to effect much improvement in getting products and services to market. In real terms — hours of work at unskilled labor — almost everything is getting less expensive. That is mostly because of the work of the elite. They are the ones who put up the capital for those improvements. So millions benefit a little, and a few (those responsible) benefit a lot.

    And what do they do with their money? They buy goods and services that the laborers labor to provide (i.e., they create jobs), and they invest in new capital improvements (lowering the real cost of the goods and services we all buy).

    If it were not for the elites buying VCR’s at $2000 each, they would not now sell for $20. If it were not for the elites buying mobile phones for the price of a car, they would not now be given away free with a 2-year plan or for voting for 0bama.

  2. JLP Says:
    November 14th, 2012 at 9:24 am

    Don’t forget the real reason for these gaps and that’s the rise of single parent households. Don’t expect liberals to address this because it’s icky.

  3. Jack Says:
    November 14th, 2012 at 3:51 pm

    Well, JLP, you know they’re not big on personal responsibility. Those girls only got pregnant because you were too cheap to buy them contraceptives and abortions.

  4. Miguel Says:
    November 14th, 2012 at 11:04 pm

    I don’t think I have the stomach to watch the whole video, but skipping around, I think I get the gist of it: our society is patently unfair and the game is rigged so that social and economic mobility are fairy tales. On the one hand, I think a lot of that is true, but on the other hand, I don’t think a better system exists than ours. In fact, our current President is a case in point – the American Dream is alive and well, even if it is the exception rather than the rule.

    I’m a guy who started with zero, at least in economic terms. I don’t take for granted some of my advantages: An aspirational mother, 1st in her family to complete college even if it was the local community college, food on the table even if it was beans and rice most days, a roof over our heads even if it was often rat an roach infested, and good health (nothing can replace good health). Those things, while far less than what a lot of my middle class classmates had, were far more than my inner-city friends whose parents were addicts or criminals, or on welfare.

    It’s all relative. I am wealthy by many standards. I would have never gotten there if I adopted a victim mentality. Life is unfair. It really is. It doesn’t mean we shouldn’t fight the unfairness. But, we also can’t hang on to it as a crutch either.

    I loath the people who would prefer we hang onto that crutch. It only serves their purposes, not the intended recipient.

  5. Jason Says:
    December 10th, 2012 at 12:53 pm

    I’m not seeing any video here, despite looking in both Chrome and IE8.

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