It’s almost entirely a leverage problem. Insofar as we rely on the labor marketplace as the primary “prosperity” distribution mechanism for the majority of people the power balance between labor and capital will determine the average person’s level of prosperity. The following increase the leverage of labor: collective action, high competition between firms, near-zero (actual) unemployment rate, strong labor laws. The following increase leverage of capital: monopoly, monopsony, cartel action, high unemployment rate, weak labor laws.
Obviously the cost of converting wealth into tangible “prosperity” is an additional factor, so inflation of the cost of goods and services will factor in.
So if we wish to promote broad prosperity over ultra concentrated wealth we need to address the above factors: enforce anti-trust, break up firms as needed, promote labor protections and organizing, make taxes more progressive than regressive, make stock buybacks illegal again. The hyper mobility, political ties (with low national loyalty) of the capital class make this difficult but not impossible.
We will probably have to de-emphasize some sticky cultural memes around individual merit and everyone “deserving their fate” to accomplish the above. A surge of empathetic humanism would likely do wonders for the mental health crisis as a bonus.
If we were more invested in each other’s well being, especially if we had more capacity to put that care into action, wouldn’t that improve the support network surrounding those suffering from chronic mental health conditions?
Have you ever dealt with an alcoholic when he's drunk or a schizophrenic when he's acting out?
You use the word "suffering" as if they had no part in their own condition. I'm reminded of Duke, the skinhead in "Repo Man" who, as he dies, says "I blame society!":
Obviously the cost of converting wealth into tangible “prosperity” is an additional factor, so inflation of the cost of goods and services will factor in.
So if we wish to promote broad prosperity over ultra concentrated wealth we need to address the above factors: enforce anti-trust, break up firms as needed, promote labor protections and organizing, make taxes more progressive than regressive, make stock buybacks illegal again. The hyper mobility, political ties (with low national loyalty) of the capital class make this difficult but not impossible.
We will probably have to de-emphasize some sticky cultural memes around individual merit and everyone “deserving their fate” to accomplish the above. A surge of empathetic humanism would likely do wonders for the mental health crisis as a bonus.