A comment I wrote recently:
Another YUGE problem, that isn't mentioned often enough, is that our current wealth inequality is the result of the soaring cancerous growth of the professional-managerial class, which has expanded massively over the last 40-50 years at the expense of the working class. Most critics of the system tend to gloss over this, while blaming capitalism as a whole or the rich in particular.
This is Peter Turchin's concept of overproduction of elites. There are only a handful of owners and wealthy families, but there are tons of managerial positions, fake BS jobs, and the like for non-workers and non-producers who just want a nice paycheck without doing or risking anything. As the amount of those people soars through the roof, it becomes impossible for the system to accommodate their greed and competitiveness against each other, eventually resulting in a bloody civil war and/or a breakdown of the whole thing.
As the entire society becomes infected, its sectors become reverse-engineered to support this unsustainable state of affairs. As long as it creates more money for the overproduced elites, it doesn't matter how awful the outcomes are or how badly it destroys everyone else's lives.
Finance has become casino speculation, not productive investment. Manufacturing is now a race to the bottom-- who can create the cheapest crap with the lowest paid serfs. Higher ed doesn't provide an education, and healthcare doesn't provide health (the more it grows, the sicker everyone gets), but they control billions of dollars and tons of land and have more and more influence over society, allowing for their bloated HR / managerial departments to give themselves higher salaries. The military charges 40K for a trash can, but can't win wars anymore-- doesn't matter, since all that waste will be funded by the public. Entire government public sectors (like those created to fight homelessness) seem only to make the problem worse. It goes on and on in every sector.
This is why trying to fix the ideas or firing an individual and replacing them with a smarter individual, will have no effect. As long as this cancerous mass is there, all of these useless managers and professionals will continue to subvert the outcome, at the expense of the nation as a whole. Unless they're fired en masse, America / the West will continue to get sicker and sicker.
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