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But what's being done in the West isn't working either? The rich (especially the 0.1%) have seen ludicrous spikes in growth whilst the middle class collapses.
by jorvi 9y ago
But what's being done in the West isn't working either? The rich (especially the 0.1%) have seen ludicrous spikes in growth whilst the middle class collapses.
- CamperBob2 9y agoThe fact that we don't have riots in the streets means that the collapse of the middle class has been greatly exaggerated. Most people are better off in most material ways than they were in decades past, like it or not. Even if the numbers in their bank accounts aren't as large. Meanwhile, in Venezuela...
- breatheoften 9y agoAre you claiming with your statement that riots in the street are the only mechanism for supplying meaningful evidence of a significant inequality between middle and upper classes?
- CamperBob2 9y agoNo, I'm claiming that market economies are not zero-sum games, and that a number in somebody else's bank account isn't the best thing to focus on as you go through life.
- tmnvix 9y agoThat "number in somebody else's bank account" is meaningful. It represents a claim on a share of the world's resources. Those resources are essentially finite.
- deleted 9y ago[deleted]
- ionised 9y ago> Most people are better off in most material ways than they were in decades past I see this sentiment a lot and I find it utterly meaningless. The issue is not that people have higher or lower living standards than they have in the past, but that their share in economic prosperity is declining while the shares of a small few are skyrocketing. That is a serious problem that will lead to a sort of modern feudal rentier society.