^ fucking memeworthy. How do you think we emerged from fudalism?
This is such a glaring flaw with the arguments of all free-market fetishists/libertarians. The logical endpoint of completely deregulated capitalist society is, as Nick Hannauer puts it, "a police state or a revolution". People who apparently pride themselves on their commitment to freedom seem really happy with neo-feudal society where we're all in hock to the super-rich through rentier capitalism (this short story is well worth a read on that front). The only reasonable explanation is that they think a vastly unequal society is somehow just, just as long as they're at the top of it. It's at that point we get right into "first-up-against-the-wall" territory.
People supporting gross inequality often aren't at the top of the pile but there is an aspiration to be so. The fact that social mobility is declining doesn't seem to matter.
This is such a glaring flaw with the arguments of all free-market fetishists/libertarians. The logical endpoint of completely deregulated capitalist society is, as Nick Hannauer puts it, "a police state or a revolution". People who apparently pride themselves on their commitment to freedom seem really happy with neo-feudal society where we're all in hock to the super-rich through rentier capitalism (this short story is well worth a read on that front). The only reasonable explanation is that they think a vastly unequal society is somehow just, just as long as they're at the top of it. It's at that point we get right into "first-up-against-the-wall" territory.