Which statistic on wealth inequality in the US (discussed on p.29) made the biggest impression on you? Explain why?
The statistic on wealth inequality in the US that made the biggest impression on me was “Without surplus value, the capitalist could not have come into being, nor could they survive, so that is always in their interests, to seek to increase it either by playing on relative or absolute surplus value, or by some combination of the two”. Wealth inequality has increased I feel over the years and many are putting funds into investments and stocks.
What could be some of the implications of living in a society that has such huge wealth inequalities? Do you see this dynamic getting played out in everyday life in our society? How so? Example?
Some implications of living in a society that has such huge wealth inequalities are lower average education levels as many only graduate high school to then begin to put funds into investments and stocks and profits. I do see this dynamic being played out in our everyday life in our society as many want to own designer items and the newest technology. Not everyone can afford these materalistic items however, as long as everyone sees they have some type of wealth, then they enjoy it. The dynamic of wealth now of days did go downhill.