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This is nonsense. There are, in absolute terms, more resources available, but our economic system enables and encourages the hording of those resources by fewer
by beatpanda 11y ago
This is nonsense. There are, in absolute terms, more resources available, but our economic system enables and encourages the hording of those resources by fewer and fewer people who will, in all likelihood, never use them in their lifetimes.
- oldmanjay 11y agoThe "fewer and fewer" part is empirically incorrect. The millionaire+ class is growing, not consolidating. The narrative is seductive but it is a lie.
- clusterfoo 11y agoA growing millionaire class is not mutually exclusive with consolidation of wealth, if growth of millionaire class is less than reduction in middle-income class.