I'm having a bit of difficulty wrapping my head around this. Has nothing to do with it other than emerging as a direct result of it...?
Fair enough, it was confusing.
Grieves said:
In what respect is the 'power' being returned to the people? Where unions, wages, social security, privacy, rights, ease of education and government representation are concerned, the people seem to be losing their power at a rather rapid pace.
A fair point, though it can be argued that in each of those issues the decentralization properties of the Internet are going to help. In many cases, decentralization may indeed subvert the need for the institutions entirely - or at least, in their present form.
In terms of raw capitalism though, the barriers to entry of production and logistical coordination have never been lower. This is happening through a variety of means - newer tools like 3D printing as well as social models of sharing and cooperation like hackerspaces and crowd-sharing. By no means is the need for massive industry vanishing before our eyes, but we
are just seeing the beginning after all.
Grieves said:
Are things improving across the board for the people of Detroit?
Things aren't looking good for them, no - but let's remember the context here. They've had roughly as much time at the trough as any other city in the developed world(not saying the people there caused their own problem).
In contrast, there's millions of people in India who are just now shitting in actual toilets for the first time.
Grieves said:
There are also almost certainly more people suffering a lower standard of living than ever before in the history of mankind. There are also most definitely more people sleeping in till noon than ever before in the history of mankind, and more people waking up at dawn than ever before in the history of mankind. That's because there's more people on the planet right now than ever before in the history of mankind. That the progress of our species, technology, and the advancement of ideas has improved many life-styles shouldn't serve as a justification for the system described above, especially given we know it is within our capacity to end poverty outright.
I fully acknowledged there are still problems. However, the human condition is much better today than ever. None of the examples you listed are noteworthy in the same sense, and the one that is actually relevant one is not true. There are less people living in squalor today than previously in the 20th century. Just look at the developing world 10, 15, 30 years ago. In the past decade things have dramatically improved as their economies take off. I share this link too often, but it
is backed by statistics if you dive in into it:
http://www.outsidethebeltway.com/half-a-billion-people-escaped-poverty-2005-2010/
External Quote:
They estimate that between 2005 and 2010, the total number of poor people around the world fell by nearly half a
billion, from over 1.3 billion in 2005 to under 900 million in 2010. Poverty reduction of this magnitude is unparalleled
in history: never before have so many people been lifted out of poverty over such a brief period of t ime. And using
forecasts of per capita consumption growth, they estimate that by 2015 fewer than 600 million people will remain in
poverty.
...
The first Millennium Development Goal target – to halve the rate of global poverty by 2015 from its 1990
level - has probably already been met, approximately three years ago. By 2015, we will likely not only have
halved the global poverty rate, but will have halved it again.
...
Nevertheless, Sub-Saharan Africa's poverty rate has now fallen below 50 percent for the first time. By
2015, its poverty rate is expected to fall below 40 percent—a feat China did not achieve until the mid-90s.
Even a few centuries ago, royalty and peasants alike lived in what would amount to squalor today. It was not uncommon for a street to be devoted to storing piles of rotting human waste. Fun fact:
External Quote:
At about the time of Louis XIV's death in 1715, a new rule was put in place requiring that the corridors in the palace at Versailles be cleaned of feces once a week.
(
source)
Certainly it is within the realm of technical feasibility to end poverty outright. What do you think is going on? It's not something that is accomplished overnight, or even in a span of a few years. Sure, if the organizational prowess and monetary clout of large companies like Apple or IBM were devoting the entire scope of their operation to such a thing, it might come more quickly. But that's not to say there isn't a monumental effort being made as it is. In fact there are quite a few such endeavors, and they are seeing results.
Grieves said:
There's a really informative documentary on the subject of modern financial models called 'Quants: The Alchemists of Wallstreet' that you might find worth a watch, which
can be found here.
It discusses the inherent flaws in economic modeling, and how the belief that economic models are designed to gauge reality rather than distort it is a flawed one. It points out how the job of many 'Quants', the label used for the mathematicians and programers of financial powerhouses, is to create models that excuse risk rather than reduce it, to justify behavior that puts clients of and investors in these banks/institutions in extreme jeopardy, as happened with so many during the last financial crisis.
I'll give it a watch, though to be honest what I was really looking for is anything from "tweaks" to entire alternative economic systems that would at the least break even with what we have today but ideally surpass it. How could the 20th century have gone differently, economy-wise, such that there was less suffering in the developing world and less wealth disparity overall? For example, I'm not sure we can say definitively something along the lines of "Well if we had done
this instead of
that it would have led to demonstrably less suffering", without an accompanying caveat along the lines of "
but that means we would not have had X".
Anyways, the larger question posited in the thread is whether those problems are the direct result of a concerted effort on the part of a few rich folks. I don't think they are, but rather an emergent property of a "free market" instead of a sensibly regulated one. I can see
some rich people directly benefiting from literally exploiting the poor, but I can't see the poverty of the world today being explicitly proven to be the result of the wealthy of the world getting together and determining the best way for them to make gobs of money is to do everything they can to force the rest of the world into squalor. It isn't working if that's the case.