Agnostic.com
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"The really strange thing about today is that most of the people who leap to capitalism’s defense fastest and most furiously…aren’t capitalists. And they never will be. They can’t be. Just 10% of America owns stocks, and even less owns bonds. Even less — maybe 1%, if that — make enough money from capital to call it their main income. And their incomes are shrinking, at a record pace.
So the Rick’s dads of the world have never made enough money from capital income to live off it, and that’s why they’ll never really retire. They don’t send their kids to school with capital gains. They don’t pay for skyrocketing healthcare bills by liquidating trust funds. They’re just average wage-earning schmoes, like the rest of us. And yet despite the fact that they’re not capitalists and never will be, they’re also exactly the ones who defend capitalism most."

[eand.co]

DonThiebaut 7 Sep 9
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1

The single largest problem with modern American capitalism is the worker is disenfranchised from the profits of the corporation. Most wage earners get no bonus, spiff, etc. So the motivation to be productive must be ballanced against compensation. Too often wage slave does "just enough not to get fired." After all getting you assigned tasks done in 4 hours instead of 8 just get you more tasks but no increase in compensation.

Nos2342 Level 5 Sep 11, 2018
1

... According to Gallup, 52 percent of U.S. adults owned stock in 2016...

Nos2342 Level 5 Sep 11, 2018

Opinion pieces. I questioned that particular stat, too. But the basic idea that most Americans will never be capitalists is true.

2

Yes, but they're sold the bill of goods that all they have to do is work harder and harder.

Umbral Level 8 Sep 9, 2018

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