This article does a great job explaining why "Number Go Up" rule is a problem. Matt is talking about inequality without saying inequality. The Number Go Up rule is why inequality is growing because it's about asset price inflation and a small group owns all the assets. Inequality rising is why housing, healthcare, and education are becoming more and more expensive without any improvement of the underlying assets or services.
We need to talk about inequality and not be afraid to use the word. I'm shocked Matt Stroller doesn't mention it once in the article even though that's ultimately what he is talking about.
simonebrunozzi · 2h ago
Or the essence of the book "Capital in the 21st century". [0]
Gary Stevenson talks a lot about this. His campaigning for wealth taxes is increasing the public awareness of this issue around the world.
mempko · 1h ago
Gary is doing great work!
connor11528 · 2h ago
> Asset control and power in America is centered among old people with lots of assets. And they associate protecting the stock market with protecting America.
> The “number go up” rule is not a story of greed or economics, it’s a story of how we make decisions as a society.
well said!
spiritplumber · 3h ago
Imagine if the fundies had managed to smear Darwin's name enough that he couldn't be mentioned in polite society. We'd still have evolutionary biology, it'd just read weird. And we'd get weird artifacts like that explained here.
This is a comment about economics and one of Darwin's contemporaries.
We need to talk about inequality and not be afraid to use the word. I'm shocked Matt Stroller doesn't mention it once in the article even though that's ultimately what he is talking about.
[0]: https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...
> The “number go up” rule is not a story of greed or economics, it’s a story of how we make decisions as a society.
well said!
This is a comment about economics and one of Darwin's contemporaries.