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View Diary: Open thread for night owls: The brutal truth about how childhood determines your economic destiny (135 comments)

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  •  the false consciousness of status equity (3+ / 0-)
    Recommended by:
    jan4insight, Jeff Y, Eric Nelson

    sure we can all be members of the ruling class if we

    - win the lottery from a pool of "mobile money"
    - mortgage our futures with "mobile money"
    - inherit multigenerational wealth to generate more "mobile money"

    Americans have long believed that economic inequality is OK as long as everybody has a chance to move from one rung of the ladder to the next. But the accelerating rise in inequality hasn’t meant more mobility, but less. What Americans are just beginning to grok is that we are pioneering a system that may be just as inflexible as the old system of landed classes. Our new system is based on access to mobile money, and it is spawning dynasties, creating closed social circles and birthing more devices for social exclusions that separate the well to do from the rest.

    Warning - some snark above‽ (-9.50; -7.03)‽ “If someone has a tool and is trying to negate your existence it would be reasonable to reciprocate in kind with your own tool.” - Dalai Lama XIV (sic)

    by annieli on Mon Jan 14, 2013 at 08:43:46 PM PST

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