Why Being A Politician Is No Longer Fun

“Politics is no longer fun once the pie starts shrinking. The illusion of “growth” can be maintained for a while by borrowing enormous sums and distributing the windfall as if it were real, organic growth but eventually the wheels fall off the substitute debt for income and tax revenues game and the entire rotten structure collapses.
The other dynamic in play that’s visible in the chart below is the distribution of wealth and power is so asymmetric that it’s destroying politics as a “solution.”Financialization, neoliberalism and its handmaiden globalization have skewed income, wealth and power to the very top of the distribution pyramid: the rich are getting richer, and the super-rich are getting super-richer–and more politically powerful as a result.”

http://charleshughsmith.blogspot.com/2019/05/why-being-politician-is-no-longer-fun.html

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Another reminder that posts relating to political matters and political actors does not mean I always agree-Richard Duke