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Your stats on within India inequality do not refute or contradict my stats on global inequality. It transfers wealth from rich countries to poor countries, alt
by yummyfajitas 11y ago
Your stats on within India inequality do not refute or contradict my stats on global inequality.
It transfers wealth from rich countries to poor countries, although it provides the poor country with far less wealth than it transfers from the rich country, with the difference becoming profit for the industrialist.
This is the very mechanism of inequality reduction. You are sounding a bit right wing, suggesting that the main mechanism of inequality reduction is destroying wealth. Is that your intent?
You are wrong about the total quantity being negative in this case, however - look at Milanovic's graph to see that everyone has become richer, it's just that the poor got richer faster.
Apart from this one point you seem to be agreeing with me about everything I've said.