3 ms·
It probably has a lot to do with centrally planned economies (eg the Fed) and kleptocratic govts misallocating vast swathes of the labor and investment pools in
by rajacombinator 11y ago
It probably has a lot to do with centrally planned economies (eg the Fed) and kleptocratic govts misallocating vast swathes of the labor and investment pools into nonproductive sectors of society, like banking, accounting, law, govt agencies, and other forms of regulatory capture. The number of people engaged in productive work has shrunk dramatically and they are supporting an ever expanding parasite class. Atlas's burden is increasing.