“Societies can choose between two forms of relatively stable but impoverishing feudalism–stagnant backwater or financial–or accept the existential risks of embracing innovation and experimentation, not just in narrow technological fields but across the entire economy, society and government. Incentivizing the values that favor wealth creation–thrift, investing, improving skills, entrepreneurial drive, flexibility, strong families–may be just as important as leveling the playing field, i.e. maintaining opportunity via maintaining access to education and social capital building.”
http://charleshughsmith.blogspot.com/2013/08/rising-inequality-and-poverty-can-they.html
Related posts:
That Which Is Incapable of Reforming Itself Disappears
Doug French: Signs That It’s Time to Head for the Exits
How the Military-Industrial Complex Preys on the Troops
David Graeber, DEBT: The First 5,000 Years [2012]
Jacob Hornberger: Why Are Americans Searched at the Border?
Top 10 Reasons Why the Mafia is Better than the State
The Best Quality Of Life In The World: Residency & Citizenship In Austria
The Daily Bell - Investment Trends 2014
Ten Ways to Get People to Change
Bill Bonner: A Close Encounter with Zombiedom
Lebanon’s Banks Have the Highest Cash Reserve Ratios in the World
Who Will Head the Fed? It Doesn’t Matter
The Case for Fed Tapering Sooner Rather Than Later
What the NSA Revelations Tell Us about America's Police State
Why Does Monsanto Always Win?