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Explain China? Or Japan? Or Vietnam? The world is not the USA. The world is 7 billion people, in countries and cities of varying economic outcomes. While incom
by T2_t2 11y ago
Explain China? Or Japan? Or Vietnam?
The world is not the USA. The world is 7 billion people, in countries and cities of varying economic outcomes. While income inequality is rising between inhabitants of the first world, global income inequality is shrinking. Specifically, the gap between Brooklyn, Beijing and Botswana is shrinking, even as the gap between individual citizens is rising.
And the biggest gap of all - the gap between 21 meals a week and < 21, is shrinking rapidly. As much as we bemoan great wealth compared to middle-classness, this gap - the gap between the never-hungry and the sometimes hungry - is IMHO the single biggest gap of all.
- tahssa 11y agoIt was an example. An example that was on topic towards economic inequality. Just because you can find some examples where economic normalization is occurring doesn't mean that excessive wealth concentration isn't killing more opportunities than it creates.