> If you get rid of the investment and capital class you will get a new investment and capital class, probably made up of the leaders of the revolution that overthrew the old one.
How true is this? Certainly trust busters like Teddy had a lot of political power. Though I wouldn't call them a new capital class.
> Except that when you comparison shop, you are helping construct those incentives.
You're advocating for political consumerism? I suppose it has some use alongside boycotts and the "buy made-in-the-USA" movements of old. Sadly today the label is so watered down I doubt one can reasonably know whether any given purchase has any significant manufacturing or resources from within the USA. Ultimately we have to pull all the levers to enact change. Because the top 1% certainly isn't holding back.
No, not really, though that's been tried and hasn't been that successful. Hasn't worked when either the left or right have tried it.
What I'm doing is arguing against the us-vs-them conspiracist framing and pointing out that you are a participant in the system that contributes to creating the incentives that make the whole thing behave the way it does.
The CEO wants to save money, and therefore wants to lay people off because labor is a top cost, in part because you comparison shop on price. When you do that you send a price signal that says "do everything cheaper!"
How true is this? Certainly trust busters like Teddy had a lot of political power. Though I wouldn't call them a new capital class.
> Except that when you comparison shop, you are helping construct those incentives.
You're advocating for political consumerism? I suppose it has some use alongside boycotts and the "buy made-in-the-USA" movements of old. Sadly today the label is so watered down I doubt one can reasonably know whether any given purchase has any significant manufacturing or resources from within the USA. Ultimately we have to pull all the levers to enact change. Because the top 1% certainly isn't holding back.