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> Economics has already answered why inequality has dropped drastically in the past 20-30 years. Except this isn't quite true. In most countries inequality ha
by Mikeb85 11y ago
> Economics has already answered why inequality has dropped drastically in the past 20-30 years.
Except this isn't quite true. In most countries inequality has increased, although baseline poverty has indeed been raised somewhat (and probably for different reasons than you think).
> Some folks just don't like the fact that the answer is capitalism.
In countries where inequality has actually decreased, it's been mainly because of socialist-style politics. Even the decrease in base poverty in many countries is caused by transfers of wealth from migrants back to their families.
The reduction in inequality this century was because of 2 world wars, and 50+ years of Marxism/communism in various parts of the world.
Data shows that in many countries (especially fiercely capitalist ones) inequality is actually increasing...