For fifty years wealth has been increasingly siphoned from labor towards the investment class and this has occured with  compliant government policies well explained by economists like Stiglitz.   However, our "liberal" media generally does a terrible job of explaining this conflict between labor and capital that has gutted the American and even global middle class even while diminishing extreme poverty in parts of the world exploited for cheaper labor.   Conservative media (for lack of a better word) has turned the professional class into the villains in the minds of the less academically pedigreed in a deliberate tactic of divide and conquer for the benefit of the most successful of our capitalists.  Rupert Murdoch has led this charge, but more subtle manipulation has also been funded with the wealth of scores of plutocrats who  believe they have earned their share of this huge transferal of wealth.   When climatologists are accused of corruption for damaging the reputation of fossil fuels, you know our media is corrupt.  Soon we may learn what happens when AI replaces jobs and reduces the salaries of  the professional class that has avoided most of the consequences of this huge shift in wealth at the expense of the less educated. Perhaps this will be what shakes the current trend and makes a more constructive divide that allows democracy to perform its responsibility of adjusting economic policy to avoid aristocracy and authoritarian governments that enforce it.

For fifty years wealth has been increasingly siphoned from labor towards the investment class and this has occured with  compliant government policies well explained by economists like Stiglitz.   However, our "liberal" media generally does a terrible job of explaining this conflict between labor and capital that has gutted the American and even global middle class even while diminishing extreme poverty in parts of the world exploited for cheaper labor.   Conservative media (for lack of a better word) has turned the professional class into the villains in the minds of the less academically pedigreed in a deliberate tactic of divide and conquer for the benefit of the most successful of our capitalists.  Rupert Murdoch has led this charge, but more subtle manipulation has also been funded with the wealth of scores of plutocrats who  believe they have earned their share of this huge transferal of wealth.   When climatologists are accused of corruption for damaging the reputation of fossil fuels, you know our media is corrupt.  Soon we may learn what happens when AI replaces jobs and reduces the salaries of  the professional class that has avoided most of the consequences of this huge shift in wealth at the expense of the less educated. Perhaps this will be what shakes the current trend and makes a more constructive divide that allows democracy to perform its responsibility of adjusting economic policy to avoid aristocracy and authoritarian governments that enforce it.

user
yes
assistant