The letter says: “We know that high inequality undermines all our social and environmental goals. It corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism. We also know that without a sharp reduction in inequality, the twin goals of ending poverty and preventing climate breakdown will be in clear conflict.”

  • Veraxus@kbin.social
    link
    fedilink
    arrow-up
    8
    arrow-down
    1
    ·
    1 year ago

    Exactly. Neo/liberalism is just right-wing feudalism with extra steps. If you allow (let alone encourage) the unmitigated consolidation of wealth (and therefore authority) you will ALWAYS move society rightward. Hence the term “Late-stage Capitalism”.

    Economies require trade and incentive to thrive, but there must be limits to how much a person or entity can accrue.

    • CorruptBuddha
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      edit-2
      1 year ago

      Does that mean you believe society is now more right leaning then it was 40 years ago?