Why doesn't any politician in the western world talk about insane inequality?

[Darklydarkened]

Ever since WW2, Western World built a Keynesian model that targeted limiting inequality, supremely high taxes to the super rich, US basically created a hegemony over their "trading partners" like Japan, Germany, UK, and developing countries like Turkey, Korea etc.

The deal was, dollarising the world, selling them goods, thus have the dollars return to US, and build a centrally planned global capitalistic economy.

US became a deficit country, in the late 60's, and the floodgates of neoliberalism opened thanks to Reagan and Thatcher

US model is, increasing the trade deficit, keeping the dollar the only global currency, and making the rest of the world's capitalists to fund US deficit.

Because, when Japanese, Chinese, German capitalists want to invest, they'll invest in US markets, US assets, securities etc.

This system created an insane amount of wealth inequality that is doubled after Covid.

But nobody, absolutely nobody other than a few European marxist macro economic experts talk about it. Whenever I look at this site, I just laugh at Republicans who believe a super rich billionere will make their lives better. Trump is one of the sharks that feeds on wealth inequality, he is not your friend!

[CupcakeTheDestroyer]

Politicians in the US know they have very dumb constituents who just want to hear what they want to hear. They won’t really listen to anything else. You know 54% of Americans can’t read above a 6th grade level? And 20% read below a 5th grade level and are considered functionally illiterate? It’s easy to manipulate the ignorant who don’t know better.

[NewWaves]

Wait, hasn't that been talked to death over the past years?

[Darklydarkened]

What's being talked is fixing the economy, not the intrinsical inequality that is embedded in the current system.

What they talk about is "growth" as if growing economy or GDP increase is synonymous with middle class being richer.

[NewWaves]

Who's talked about "fixing the economy"? And "growth" in the past 12 years?

[Darklydarkened]

Pretty much any economist I've seen talking

[seeyounexttuesday]

The insane amount of wealth inequality due to covid was caused by democrat politicians shutting down small businesses while keeping huge corporations open.

More billionaires supported Kamala.

Maybe try some facts next time.

[Darklydarkened]

Well no! First of all, wasn't Trump president back then?

And second, inequality doesn't happen because of businesses shut, it happened because they gave away massive amounts of money to the rich. Britain alone, gave 700 billion pounds to the economy! Which is an insane amount, even a country like Greece, pumped half of its GDP into the economy

Now, who do you think accumilated all that cash? On theory, every British citizen should've gotten near 18 thousand pounds of money

The rich got the funding, and what they do with all that money? They fucking buy assets, houses, shares

And it's not like this is a new phenomennon, ever since neo liberalism is pumped back after Bretton&Woods system is abolished, middle-class is dwindling

[ProbablyClueless]

What? They talk about it all the time. It's just next to impossible to actually do anything about it.

[Darklydarkened]

They talk about more jobs, more money etc.

They don't talk about what the issue actually is.

[ProbablyClueless]

I'd say that's because the real issue would require an entire shift in society that very few people have the balls to go after.

[Darklydarkened]

Yeah, particularly when the said politicians themselves are funded by the super rich, who basically own entire countries.

[Anonymous]

Remember who was able to raise a billion in campaign funds from billionaires...

[DrPepper12]

Well said!! Great observations too!