zlacker

>>tysone+(OP)
If there are only 19 bones for every 20 dogs, then it doesn't matter how good a bone hunter they all are there will always be one dog disappointed and the other 19 will be grateful for the bone no matter how thin and weedy it is. Systemically the 'interest rate targeting' approach starts to tighten up policy when unemployment gets below 5% - which they consider 'full employment' even though 1 in 20 haven't got jobs.

Interest rate targeting uses an unemployment buffer to keep wages and therefore prices under control. Poverty for those in work is entirely part of the plan. To fix the poverty problem you need to fix the structural viewpoint and return to the Beveridge condition - everybody must have an alternative living wage job offer available to them so that job competition works properly in favour of people. There must always be more jobs available than people that want them, not slightly fewer.

But that then runs into what Kalecki called "The Political Aspects of Full Employment" - a recommended read if you haven't already: https://mronline.org/2010/05/22/political-aspects-of-full-em...

Truly a 'wicked problem' - tied up with the concept of power

>>neilwi+1X
>If there are only 19 bones for every 20 dogs, then it doesn't matter how good a bone hunter they all are there will always be one dog disappointed and the other 19 will be grateful for the bone no matter how thin and weedy it is.

Or, if the dogs are intelligent, they could split those 19 bones to 20 pieces...

>>coldte+bZ
That wouldn't make them intelligent at all. This idea that there should always be fairness and equality in existence is very naive.

>>throwa+v01
What’s wrong with the idea of sharing?

>>pwm+j11
Nothing, unless you force a dog which hunted its bone to share it with one who slept the whole day, and call it "equality".

>>kingof+d31
Or you can share 5% of your hunt to keep the lazy dog from attacking you while you sleep. Is it 'fair'? No. Is it a wise move? Maybe.

>>ddalex+X41
Lazy dog is well-rested, can probably take more than 50% from a tired dog that hunted, if not even outright killing the hunter.