4 ms·

There is not strong evidence that these feedback loops actually exist. Wealth is actually strongly mean-reverting along genetically heritable lines.

• jessaustin 6y ago
  Do you live in Scandinavia? We're not talking about Scandinavia. USA ranks #27 here: https://www.visualcapitalist.com/ranked-the-social-mobility-of-82-countries/ https://www.visualcapitalist.com/ranked-the-social-mobility-...
  • centimeter 6y ago
    That report is obvious bullshit and you should be able to discern that immediately. It ranks countries on “ healthcare, education, technology access, working conditions, and social protection” and then calls that “social mobility”. Zero actual analysis of intra- or inter-generational wealth variance.
    • sien 6y ago
      Interesting. The OECD have a better report : https://www.oecd.org/centrodemexico/medios/44582910.pdf https://www.oecd.org/centrodemexico/medios/44582910.pdf From page 5 Australia ranks #2 and Canada #5 and the US is #10. That's on intergenerational income quintile mobility.