IMO: * Capitalism naturally leads to growing wealth concentration/inequality over time, especially when combined with automation and globalization * People sa

IMO: * Capitalism naturally leads to growing wealth concentration/inequality over time, especially when combined with automation and globalization * People say “one person being richer doesn’t make you poorer”, but that’s BS. When people compete for scarce resources, i.e. homes in cities, the wealthy can outbid the middle class constantly * I think that home ownership in cities becoming unaffordable for the middle class is mostly a result of the wealthy gobbling up property I don’t think there was an intentional “fuck our kids” push from boomers, this is just the natural result of unchecked capitalism and growing wealth inequality. It won’t be reversed until we do something to REDUCE wealth inequality, which I don’t see happening any time soon. If wealth inequality keeps increasing, of course desirable scarce resources will be increasingly owned by the ever-wealthier upper class.