Mike Clark

Family, Friends, Food, Livin & Lovin Life One Day At a Time

[Mike Clark @TheReal1MDC]

@VinnysCorner1 Slick Watts and “Downtown” Freddie Brown

[Ricardo @Ric_RTP]

In 1879, JP Morgan paid a man to invent the lie that is the foundation of modern economics.

A billionaire who helped start Amazon just exposed the whole thing on Diary of a CEO, and once you hear it you will never look at paychecks the same way again:

146 years ago, a guy named Henry George wrote a book called Progress and Poverty.

It was the first mainstream book about the rich systematically stealing from the poor, and It literally became the bestselling book in the history of the United States at the time.

The working class was reading it everywhere, and the people at the top of the economy completely lost their minds.

So JP Morgan personally brought a man named John Bates Clark to Columbia University, which was essentially the intellectual headquarters of Wall Street, and told him to fix the problem.

Clark wrote a book called The Distribution of Wealth. In it, he invented something called the "theory of marginal productivity," which claims that because markets are perfectly efficient, the amount of money you earn reflects EXACTLY the value you contribute to the economy.

If you make $15,000 a year, that's because you're providing $15,000 of value. If a hedge fund manager makes $500 million a year moving money around, that's an accurate reflection of the value he creates in the world.

And Clark literally said the quiet part out loud IN HIS OWN BOOK.

He wrote that they had to prove to working people that no matter how much they make, whether it's a little or a lot, it accurately reflects their value, because if workers ever concluded that their labor was worth more than they were being paid, they would revolt and destroy the entire system.

That was the whole point. The theory was built to prevent a revolution.

And it worked so well that it got absorbed into mainstream economics and is STILL taught as a foundational principle to this day.

Every time a CEO tells you "the market decides your salary," they're repeating a framework that was literally commissioned by JP Morgan in the 1800s to convince you not to ask for more.

Nick Hanauer, the billionaire who told this story, also shared the numbers that prove why it matters right now:

The median full-time worker in America earns about $60,000 a year. If that same worker had maintained the same share of GDP they held in 1975, they wouldn't be making $60,000. They'd be making $120,000. That gap goes all the way up to the 90th percentile. If you earn $180,000 today, you'd be earning $250,000 under the old distribution.

The ONLY people who benefited from 50 years of economic growth were the top 10%, and the vast majority of that went to the top 1%. That is trillions of dollars every single year that used to be wages for ordinary working people and now sits in the accounts of the wealthiest people on the planet.

This happened because of policy. Tax cuts for the rich, deregulation for the powerful, and wage suppression for everyone else, all justified by an economic theory that was invented specifically to make you believe you deserve exactly what you're getting.

And the craziest part is that GDP growth rates in America were 4 to 4.5% for decades when workers were included in prosperity. As soon as the neoliberals took over in the mid-1970s and implemented these policies, GDP growth fell to 3% and eventually to 2%.

Including people in the economy doesn't slow growth down. It's literally the thing that CREATES growth. And the theory that convinced the world otherwise was a hit job paid for by one of the richest men in history to keep workers quiet.

What do you think?

[Mike Clark @TheReal1MDC]

@tysonalger Thank You for the great coverage Tyson. Played & coached many seasons of baseball, listen to lots of Duck Baseball radio broadcast, watch when able to, never gets any easier when the season ends, especially short of your goals. I Love My Ducks! We need a dominate pitching staff

[Mike Clark @TheReal1MDC]

@DucksOnBasePod A really tough wake up this morning. 2012 under Horton losing to Kent State, 23’ to Oral Robert’s, the 24’ pitching debacle at A&M, then this weekend the pitching wasn’t up to the task again & the bats were silent. I Love My Ducks, Wazz has to have a more dominate pitching staff

[Mike Clark @TheReal1MDC]

@JHopkinsSD I thought after the pitching debacle in the 2024 Supers vs A&M with 9 BBs allowed per game this Super would be different, wrong 8 BB and 3 HBP allowed per game and the Ducks bats never came to life vs more dominate pitching

[Mike Clark @TheReal1MDC]

@tysonalger Thanks for all your coverage Tyson. Ducks are a good top 20 team but just don’t high enough quality pitching to make it to the CWS, case in point is how Ducks closer Bell’s shaky performance tonight compared to Texas closer Cozart who dominated

[Mike Clark @TheReal1MDC]

@SportsChat503 Looking sharp Rian, kudos to the graduates

[Mike Clark @TheReal1MDC]

@JokicToMurray I liked Ducks using #2 Scolari vs Texas #1 Volantis, now Duck #1 Sanford vs Texas #2, Ducks control their destiny with more efficient pitching performances and hitting with runners in scoring position Go Ducks beat the Longhorns

[Mike Clark @TheReal1MDC]

@OregonBaseball @drewsmith1742 @JaxGimenez @junior_lauaki @maddox_molony @BraydenJaksa21 You got this Ducks, have day Will Sanford Go Ducks beat the Longhorns 🦆

[Mike Clark @TheReal1MDC]

2 out of 3 series -I like the Ducks starting Scolari vs Texas’s #1 Volantis trying to “steal” G1 Now Ducks go with #1 Sanford vs Texas’s #2, Ducks need timely hitting & for the pitching staff to locate, challenge Texas hitters & limit BB’s. Ducks win game 2 & game 3 is for Omaha

[Mike Clark @TheReal1MDC]

@oregon__updates I like that starting Scolari in game 1 puts pressure on Texas to win game 1 to avoid facing must win vs Sanford

[Mike Clark @TheReal1MDC]

@troy_berglund @exxonmobil @Shell @Chevron Whatever Trumper, way to revert to name calling like your master

[Mike Clark @TheReal1MDC]

@troy_berglund I don’t support the Repugs or Dems, neither party is working for us the taxpayers. Typical Trumper to reply with attack attack attack

[Dami-Defi @DamiDefi]

Realising Apple went public at under $2 billion and 15 times revenue in 1980.

SpaceX wants you to buy at $2 trillion and 100 times revenue in 2026.

That is not getting in early. That is being the exit for venture capitalists who have held this equity for years at a fraction of what you are being asked to pay.

Almost none of the retail investors buying this IPO will read the 300 pages before the book closes on June 11.

That is your entire competitive advantage right there.

[Dami-Defi @DamiDefi]

https://t.co/ksvC4bKpZ7

[Harshi Peiris, Ph.D. @Neuroscope_mp]

🚨 BREAKING Scientists may have just cracked the code on Alzheimer's and Parkinson's — WITH ONE PILL.

A drug called Buntanetap was just published in a peer-reviewed journal with Phase 3 data.
Phase 3 means that we are on the verge of FDA approval.

It targets the ROOT CAUSE of both diseases simultaneously.

Here's what you need to know 🧵👇
#Alzheimers #Parkinsons

[Rod @rpalaciosibez]

El chef personal de los Rothschild tenía una regla clara:

Después de los 40, hay alimentos que simplemente no entran en la mesa.

Curiosamente, muchos de ellos superaron los 90 años.

Esto es lo que evitaban a toda costa: 🧵

[Mike Clark @TheReal1MDC]

@LoganABrown @Ducks_Wire 2024 Super: 10-6 G1 L vs A&M, Ducks staff 9 BB, Ducks led 6-2, ended w-9 hits. 15-9 G2 L, Ducks staff 9 BB, Ducks 7-2 & 8-4 leads, A&M scored 9 T7, Ducks staff walked in 4 runs & 1 on HBP followed by GS. Ducks 9 hits w-4 HRs. Ducks stay away from the BB’s, they can beat A&M 🦆

[Mike Clark @TheReal1MDC]

@emilyetaylor23 Go Ducks