Downward Mobility

Text 1: “Upward Mobility gives people the hope that their dreams may someday come true.”

Response #1: I couldn't agree more with this statement. As a business student I have heard the word "incentive" countless times and I think that one word sums up all of Capitalism. Upward mobility is the incentive for people to do anything, if no one has a chance to improve in society there is no purpose and no hope for them. If you look at communist nations this is most certainly true, no upward mobility means no production. The idea of the American dream itself is the just the notion that upward mobility is accessible to everyone.

Text 2: "The richest 1% of Americans owns 40% of the nations wealth, which is more than what is owned by the bottom 95%"

Response #2: I've heard this before many times and I think it's become the battle cry of the 99 Percenters. In truth I think this makes sense and don't see why people are outraged by it. It illustrates the wealth desperity in the nation, but every capitalist nation has wealth desperity, it's inherent in the system. If this statement upsets you than you're upset about a core concept of capitalism. In fact 40% is a low number, it's less than half of the nations wealth. When you consider that the richest 1% include people who run the US and every major industry it's amazing they only own 40% of the wealth, I'm sure in the days before regulation they owned much more (Rockefeller himself is known to have controlled more than 4% of America's wealth in his time).

More blog posts in this category Common

• The Wound & the Blessing/The Economy of Communion Project Post
• The Crest- Jewel of Wisdom & Work as a Spiritual Practice Post
• "What Money Can't Buy" Blog Post
• Blog Post Ni: FTRN Booklet & Arithmetic of Passion
• Work as a Spiritual Practice (The Transformation of Work)