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I see it differently. I see rich people going to rich cities because that's where the money is, which increases the money in the area, which increases the numbe
by TheAdamAndChe 10y ago
I see it differently. I see rich people going to rich cities because that's where the money is, which increases the money in the area, which increases the number of rich people going there, and so on and so forth. It seems to just be a massive concentration of wealth and people who have benefited massively from globalization. It turns out, though, that this massive inequality isn't so conducive to a stable society or government.
- splitrocket 10y agoWhy hasn't this happened in conservative states? Why does this virtuous circle (generally speaking, your point about wealth distribution stands) only happen in liberal states?
- eli_gottlieb 10y agoBecause both "conservative" and "liberal" states are deeply capitalist, but they're favoring different sorts of industries. "Liberal" states are built off treating skills and innovation as the source of productivity growth; "conservative" states off treating resource extraction as productivity growth. "Liberal" states implement policies designed to foster the productivity of their professional-managerial class, "conservative" states to extract resources with minimal labor costs. They are in different lines of business.