{"id":3955,"date":"2017-12-04T01:26:57","date_gmt":"2017-12-04T01:26:57","guid":{"rendered":"http:\/\/These-are-interesting-thoughts"},"modified":"2017-12-04T01:26:57","modified_gmt":"2017-12-04T01:26:57","slug":"these-are-interesting-thoughts","status":"publish","type":"post","link":"http:\/\/csidemedia.com\/mikerm\/2017\/12\/04\/these-are-interesting-thoughts\/","title":{"rendered":"These are interesting thoughts."},"content":{"rendered":"\n        \n<p class=\"wp-block-paragraph\">These are interesting thoughts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One thing the article doesn&#8217;t take into account: the establishment of mechanisms by which people who can&#8217;t personally weather a shock have effective assistance made available to them (such as a government-provided health service, retraining for people put out of work, and the like). I suspect this is because the author is writing in a context where these things don&#8217;t really exist and are not likely to exist any time soon. But in some countries, they do, and they provide a brake on the tendency of societies to become more unequal for the reasons outlined here. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Originally shared by Yonatan Zunger<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you want to know how wealthy you really are, ask what kind of financial shock you could weather.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you want to know why inequality happens without any seeming outside force, it&#8217;s because people who get hit with a random financial shock end up dropping an economic level, and much of the wealth they lost gets redistributed among everyone else. That&#8217;s true for both random shocks like flat tires, and coordinated shocks like economic downturns or a mortgage crisis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And then changes in bargaining power happen, and that&#8217;s what shapes societies.<\/p>\n\n\n\n<figure class=\"wp-block-embed\">\n<div class=\"wp-block-embed__wrapper\">\nhttps:\/\/medium.com\/@yonatanzunger\/your-financial-shock-wealth-4845e6dc1d2f<\/div>\n<\/figure>\n\n      ","protected":false},"excerpt":{"rendered":"<p>        These are interesting thoughts.<\/p>\n","protected":false},"author":77,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3955","post","type-post","status-publish","format-standard","hentry","category-collective-endeavour"],"_links":{"self":[{"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/posts\/3955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/comments?post=3955"}],"version-history":[{"count":0,"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/posts\/3955\/revisions"}],"wp:attachment":[{"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/media?parent=3955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/categories?post=3955"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csidemedia.com\/mikerm\/wp-json\/wp\/v2\/tags?post=3955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}