Friday, January 31, 2014

Maybe the Rich Won't Get Eaten. I Agree with this "Nothing to Worry About" Assessment

Yeah I think America or the world is just not set up for another Bolshevik/French Revolution no matter how large the wealth gap becomes.

There certainly is precedent for too much wealth concentrated in too few hands leading to revolutionary change. Yet those changes usually required a dramatic triggering event, which hasn’t happened in modern times. “I don’t think we’re all that close to a tipping point yet,” says Joseph Thorndike, a historian with Tax Analysts who also teaches tax policy at Northwestern University Law School. “It really takes a crisis to make something happen.” Some may think the 2008 financial meltdown qualified as a crisis, but that was tame by historical standards.

The French revolution was caused by massive debt and a financial crisis due to the Seven Years War and helping us with our Revolution. There was also famine, drought, and harsh winters which made food prices much higher then they were normally. That second thing might happen but there is just so much more food being grown than there are people to eat it. People's waistlines attest to that fact.

While the Bolshevik Revolution was due to massive death and destruction caused by Russia fighting in WWI. If Russia stayed neutral during WWI there might have been a chance that the Romanovs would have survived until today.

So in both of these cases we had an economic crisis caused by large and costly wars. That sort of thing will probably never happen again in the next 50 years. The only belligerent powers that are large enough to cause massive disruption would be North Korea vs. South Korea/USA, China vs. Japan/USA or India vs. Pakistan. Any other wars like Syria are regional problems and would not cause that sort of destruction that would bring on a revolution. Even the USA dabbling in Iran and Afghanistan was fairly affordable compared to WWI or the Seven Years War.

No comments: