That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is a “circle of life” like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me.
So when businesspeople take credit for creating jobs, it’s a little like squirrels taking credit for creating evolution. In fact, it’s the other way around.
The inequality talk that TED won’t show you (via restorationcalls)
Latest from Restoration Calls. The full story drops tomorrow.
(via nationaljournal)(via nationaljournal)
#leaveyourbank Bank of America.. job creation #infographic #occupy
Do you expect them to just ‘create jobs’ out of the goodness of their hearts, when there is little to no demand to do so? Certainly not to create nearly 900,000 of them? There is no incentive for them to do so, because they are incentivized to do precisely the opposite. Framing this like “they COULD create jobs, but they just don’t want to,” while accurate, misses the point.
It’s a systemic problem of capitalism. Don’t get me wrong, I support “Move Your Money,” but more people (inside and outside this movement) need to understand that ‘crony capitalism’ is just the logical conclusion of capitalism itself. Feel free to use your ability to ‘choose’ where to place your money, but unless we address the systemic problems of capitalism, it’s no wonder why things have ended up this way.
