Re: left/right coordinate system
Posted by Arota on 2022-August-28 13:39:33, SundayIn reply to Re: left/right coordinate system posted by monkeyLostInHead on 2022-August-28 13:18:50, Sunday
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On a large scale, wealth accumulates because of interest, investments, and political power. Mentioning some people who started with nothing and became rich is completely irrelevant. The main problem with inequities in wealth distribution is that, especially with financial elites, their interests and the interests of the mass of people don't align. If someone makes some product and service and people buy it and the economy grows, great. But the reality is that so much of modern economic activity is financial and totally disconnected from the real economy. If every house suddenly doubled in value, that would look like a huge economic growth. But in reality nothing has happened. So we have to go beyond some dumb truisms that Americans say (mostly because Americans are stupid and should never be listened to). |
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