3 ms·
I think this is a red herring. I’m from one of those places where things have gotten much MUCH better - not an American. The absolute improvement is great. Th
by intended 8y ago
I think this is a red herring. I’m from one of those places where things have gotten much MUCH better - not an American.
The absolute improvement is great.
The accelerated concentration of Wealth is not.
The term economists have now settled on and are considering is the very mundane “lack of social mobility”
It’s a problem.
- enraged_camel 8y ago>>The absolute improvement is great. The accelerated concentration of Wealth is not. Yes, exactly. The reason actually is very simple: wealth inequality results in inequality in political (not to mention legal) representation, as the wealthy always carry more influence in society and use that influence to stack the odds in their own favor.
- travmatt 8y agoI definitely agree that it’s a red herring - the majority of people are going to judge their position relative to the world around them, not to some time 30-40 years ago. It’s pretty much the same line parents use on their children - I don’t think it works for them, much less adults.