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I think the flipside of this is that the capital class has the responsibility to deploy the capital in a way that it drives the cost of living down. We need mor
by nibs 10y ago
I think the flipside of this is that the capital class has the responsibility to deploy the capital in a way that it drives the cost of living down. We need more companies that do more with less (technology in classical sense) instead of less with more (more overpaid people accomplishing little meaningful work). Also, food keeps going up so much in price, I assume for a lot of people inflation is much higher than stated, because gas prices assume they have a car.
- simplemath 10y agoThat simply wont happen until capital holders are forced to divest themselves of their capital. Pooling of capital at the extreme right tail of the bell curve is accelerating, not decelerating.
- aianus 10y ago> Also, food keeps going up so much in price, I assume for a lot of people inflation is much higher than stated, because gas prices assume they have a car. Core inflation numbers do not include food or energy costs.