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Everyone is spending money on those things, but it's not as though the vast majority of people in the West can't buy televisions.  The vast majority of Americans own televisions, cars, computers with internet access, etc.  If I remember correctly, roughly the same percentage of the bottom 20% of income earners in America own their homes as do citizens of Germany as a whole.  So let's not pretend as though most people are incapable of affording this sort of thing in America and western Europe.  And Starvid's point is that this potentially lends a hand by allowing workers to take part in the gains to investment that we've seen.  It would be a tad ridiculous to hate on The Evil CapitalistsTM because of their ownership while shooting down the idea of encouraging The Glorious WorkersTM to become owners, as well, would it not?

Hell, the only thing that might save the moronic Revolutionaries-turn-Reaganistas of the Baby-Boom generation is the fact that so many actually have taken on investments during their march to destroy the safety net with tax cuts and federal spending sprees. </rant>

WHEEEEEEEEEEEEEEEEEEEEE!

by Drew J Jones (blahblahblah@blahblahblah.com) on Wed Feb 28th, 2007 at 03:58:38 PM EST
[ Parent ]
   
Ownership Society

Defining an Ownership Society
By David Boaz

President Bush says he wants America to be an "ownership society." What does that mean?

http://www.cato.org/special/ownership_society/boaz.html

by Trond Ove on Wed Feb 28th, 2007 at 05:49:16 PM EST
[ Parent ]
Actually, I was a bit inspired by that expression, coined by W*(?). I daredn't say that though as I guessed it would put some of you off a bit. ;)

But one should obviously never underestimate the knowledge of the ET community it seems.

* Just as he was inspired(?) by the Swedish pension system, a version of which he tried and failed to introduce in the US.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Feb 28th, 2007 at 06:18:34 PM EST
[ Parent ]
I think the "ownership society" is, as the CATO article states, a way to put downward pressures on taxes and make ordinary people more susceptible to capitalist rhetoric. As well as increasing share prices. And housing prices.

Which is all nice and dandy if you are already rich.

by Trond Ove on Wed Feb 28th, 2007 at 07:25:15 PM EST
[ Parent ]

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