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Sure, but that growth and investment did not and will not benefit you, or most anyone else. That 'value' gets aggregated into a vanishingly small group of hyper
by ageofwant 6y ago
Sure, but that growth and investment did not and will not benefit you, or most anyone else. That 'value' gets aggregated into a vanishingly small group of hyper valuable individuals. In fact, at this stage the meaning of GDP for example is fundamentally decoupled from the actual wealth of the people.
I encourage you to research Mark Blyth's work on generational wealth and check out 'Angrynomics'
https://www.gq.com/story/mark-blyth-economics-interview https://www.gq.com/story/mark-blyth-economics-interview
http://cup.columbia.edu/book/angrynomics/9781788212793 http://cup.columbia.edu/book/angrynomics/9781788212793
- fossuser 6y agoIt has and does benefit me directly. Why do you think so many move to the Bay Area or do startups? As for others that see benefit less directly: https://press.stripe.com/#stubborn-attachments https://press.stripe.com/#stubborn-attachments Growth (when constrained for human rights and environmental protection) is the best way to help the most the fastest. You see it everywhere, massive reduction of global poverty, infant mortality, etc. Even just things like the ability for almost anyone to have an iPhone and use of Amazon/two day shipping are examples. Inexpensive food is another.