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View Diary: Book review: Bill Fletcher, Jr.'s 'They're Bankrupting Us! And 20 Other Myths about Unions' (72 comments)

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    xaxnar, bobtmn
    So what we need to think about is not just unions. We have to figure out how to reconcile a huge GDP that needs fewer and fewer people to produce it all the time. The pie is growing, but we need a different way to slice it up and hand out the servings. How do we deal with abundance when so many of our institutions are still based on scarcity economics?

    And while we're doing that, we also need to be thinking about a world where cheap oil that made so much of this possible is no longer a ready commodity, climate change is going to upset quite a few apple carts, and inequality is at record levels - which is distorting our economy and our politics.

    Excellent point. We have to get away from scarcity economics, but perversely we may soon have to deal with scarcity economics again.

    I also would point out: the average GDP per person on the planet is about $10k. The top 1% of salaries globally is around $50k per year (not sure the precise statistic, but it's on that order). The US has inequality between its low and high earning sectors, but both low- and high- sectors in the US have inequality to third world salaries. Third worlders want to have what we have.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sun Nov 11, 2012 at 12:30:34 PM PST

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