Propaganda Tilt

Not to be a dick - but this graph is quite meaningless as the scales are different. The DJIA is an index based on a scale that is determined by the 30 companies that it encompasses divided by an arbitrary number. I can explain further but for most people it would be tl:dr. The median wealth family income graph is of course in dollars.

The DJIA could be divisor is something like 0.13 right now. It really doesn't matter what it is.

There are ways I reconcile this information.

1) My median income is sufficient to the point that I still enjoy life, so fuck it who cares
2) I wish to be one of the elite few, but without raping and pillaging those beneath me. Is it possilbe? Doubtful, so I'll force myself to be satisfied with what I have.

On October 16 2011 16:14 rememp wrote: Not to be a dick - but this graph is quite meaningless as the scales are different. The DJIA is an index based on a scale that is determined by the 30 companies that it encompasses divided by an arbitrary number. I can explain further but for most people it would be tl:dr. The median wealth family income graph is of course in dollars. The DJIA could be divisor is something like 0.13 right now. It really doesn't matter what it is.

Still the main point to be taken is the average median income rose a bit while the big corporate pig's pay cheque increase an healthy hefty amount.

Also think about how our society is able to send people to outer space while our education and lifestyle takes a dive. Yea humans are smart enough to house people in outer space but we can't give everyone a shelter on planet earth.

lolgraph

On October 16 2011 20:23 lostaccount wrote: Show nested quote + On October 16 2011 16:14 rememp wrote: Not to be a dick - but this graph is quite meaningless as the scales are different. The DJIA is an index based on a scale that is determined by the 30 companies that it encompasses divided by an arbitrary number. I can explain further but for most people it would be tl:dr. The median wealth family income graph is of course in dollars. The DJIA could be divisor is something like 0.13 right now. It really doesn't matter what it is. Still the main point to be taken is the average median income rose a bit while the big corporate pig's pay cheque increase an healthy hefty amount. Also think about how our society is able to send people to outer space while our education and lifestyle takes a dive. Yea humans are smart enough to house people in outer space but we can't give everyone a shelter on planet earth.

Fair - I understand that - but the one thing that I want to say to all of the Occupy Wall Street people is that you can't have it both ways. This is the America everyone wanted because it promotes one thing better than anywhere else in the world: freedom. With freedom those who work the hardest and have the most advantages will rise to the top. If you want more fairness in the world you have to lose some freedom, because it will make it so that people are more restricted. capitalism - socialism continuum.

rofl what the fk happened in here

1. I was saying that the graph is meaningless
2. this thread is about propaganda in general, not the subject of the above graph.

w/e tho

On October 16 2011 22:53 Night2o1 wrote: rofl what the fk happened in here 1. I was saying that the graph is meaningless 2. this thread is about propaganda in general, not the subject of the above graph. w/e tho

welcome to lp?

1. I was saying that the graph is meaningless 2. this thread is about propaganda in general, not the subject of the above graph.

Using dow jones index in the graph is silly and so is plotting both variables on the same scale, but the proposition it tries to justify is correct. US wages have been stagnating for some 40 years, during which time economic growth has remained fairly good. IMO it's a different thing to use poorly thought-out graph in the internet to promote a legit belief, than to use mass media to promote mistaken beliefs, like the actual propagandists do.

This is the America everyone wanted because it promotes one thing better than anywhere else in the world: freedom. With freedom those who work the hardest and have the most advantages will rise to the top. If you want more fairness in the world you have to lose some freedom, because it will make it so that people are more restricted. capitalism - socialism continuum.

yeah well the guys occupying wall street did not want this America. No one ever asked people if they wanted a world in which the rich are free to make ever more money and the poor are free to slave away for 7 bucks an hour (assuming they are lucky enough to find a job). Instead they'd prefer the socialist America.

Income is a measure of wealth transfer with regard to time, and when you break it down all the dow jones does is measure the market capitalization (size) of 30 companies, the primary variable being the share price of various companies. Dow jones' number has nothing to do with time. It is not an average of anything except for size. The two metrics aren't comparable.

Beyond that.. the median income is measured in dollars and the Dow Jones Avg is measured in an abstract point value. I guess I'm just against lying.

I guess since this blog is about capitalism here's something for ya..

This whole freedom argument applied to wealth accumulation just leads to a corporate state and the oppression of those who don't already have wealth and all of their offspring (aka the 99%, aka you and your family). Those people suffer a far bigger lack of freedom than the suffering that massive companies would take because necessary environmental regulations, regulations on debt, or taxes.. all things, by the way, necessary to support their continued operation.

Businesses interact with other businesses, locked in competition to gather as much money from the economic population as possible.

If modern civilization were a skyscraper, each massive pillar holding it up representative of: Equality of people, freedom of individuals, the environment, etc. Businesses would be windshielded (incorporated) bulldozers operating on the first floor with the given task of "Clean this floor up, you are compensated based on how much trash you bring us" Furthermore, they'd be in a situation inwhich gravity is temporarily suspended and thus they experience no immediate repercussions (strong, appropriate business regulations) for their actions.

Clearly, bulldozers are useful tools, and their skilled operators should be compensated but..
We're still that god damn skyscraper... wouldn't it be prudent to look out for it?

xD

goofy analogies ftw

well, one thing left to do...become part of the 1%