| Sorry, but your rambling anti-economics rant doesn't prove anything. I'm sorry for whatever an economist did to you. > JimmySuperstore's market won't bare price hike, so they'll just make that money up by offshoring and avoiding taxes thereby sticking it to the market anyways In an open market, reorganizing operations and increasing tax efficiencies is exactly what Economics 101 would predict. > my apartment raises rent 20% in 4 years (illegally) and when caught and fined, just decided to demolition the entrie building so they could gentrify all the people who couldn't 'bare' their prices, and rebuild so they wouldn't be legally required to pay grandfathered rates to past tenants. Thanks for reminding me of the inefficiencies which non-free markets (rent control) cause. Literally everything in your story is explained by economics 101. > Just a simple look at inflation adjusted year-of-year wages since the 1980's will show you recessions and market corrections disportionately effect the poor Again, economics 101 is fully in accordance with that. Changes happen at the margins, so of course those who are marginally employed (ie. the poor) experience the majority of recessionary setbacks. > a world financial collapse can adjust inequality at this point A world financial collapse would indeed adjust inequality, but only in the sense that we'd all become poor. I hope (but increasingly doubt) that we can reach political compromises before then. > Sorry for being so Keynesian, but it's the damn truth. I'm a Keynesian as well... Keynes didn't reject economics, he just added to it. |