Discussion
Loading...

Post

Log in
  • About
  • Code of conduct
  • Privacy
  • Users
  • Instances
  • About Bonfire
Emeritus Prof Christopher May
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us  路  activity timestamp 2 weeks ago

As Will Snell (Fairness Foundation) concludes:

'Extreme wealth is inherently harmful. The only surefire way to solve the problem is to take measures to reduce the underlying level of wealth inequality itself, both by redistributing wealth through the tax system and, through various means, by sharing it more broadly across society in the first place'!

As we might say: extreme wealth is not a sign of economic success bit rather of political economic failure!

#inequality
https://www.bearlypolitics.co.uk/p/is-the-mandelson-epstein-affair-a

Is the Mandelson-Epstein Affair a Symptom of Plutocracy?

In this Saturday Long Read, Will Snell, CEO of the Fairness Foundation, explores how extreme wealth reshapes political power - and what that means for democratic trust.
  • Copy link
  • Flag this post
  • Block
Alan T Perry 馃嚚馃嚘
Alan T Perry 馃嚚馃嚘
@alantperry@mstdn.ca  路  activity timestamp 2 weeks ago

@ChrisMayLA6

One way to counter the influence of money in politics was in place in Canada: partial public funding of political parties. In addition to donation caps, each federal party got $2 per year for each vote cast for it in the previous general election. It encouraged voting - your preferred candidate may lose, but your vote gives the party $2 per year. And it somewhat mitigated the constant fundraising efforts of the parties.

Sadly, this policy was discontinued under Stephen Harper.

  • Copy link
  • Flag this comment
  • Block

bonfire.cafe

A space for Bonfire maintainers and contributors to communicate

bonfire.cafe: About 路 Code of conduct 路 Privacy 路 Users 路 Instances
Bonfire social 路 1.0.2-alpha.34 no JS en
Automatic federation enabled
Log in
Instance logo
  • Explore
  • About
  • Members
  • Code of Conduct