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If that were true then you'd expect GDP to lag as well, which it isn't. It's not that more wealth isn't being created by the nation, it's that the wealth that i
by deciplex 11y ago
If that were true then you'd expect GDP to lag as well, which it isn't. It's not that more wealth isn't being created by the nation, it's that the wealth that is being created is mostly being hoarded by capitalists.
- jvm 11y agoAnd interestingly the capitalists in question appear to be homeowners: http://www.newgeography.com/content/004888-pikettys-wealth-driven-inequality-virtually-all-housing http://www.newgeography.com/content/004888-pikettys-wealth-d...