> We’ve had inequality throughout history it’s not unique to 2021. Inequality is essential to the idea of social progress so if it's exacerbated in degree, it

> We’ve had inequality throughout history it’s not unique to 2021. Inequality is essential to the idea of social progress so if it's exacerbated in degree, it challenges the idea that we have progressed whatsoever. In the case of the 20th century there was a brief period where we developed a large middle class, and then post-1971 ended losing much of our gains in equity-per-capita along with stagnant wages. https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ Many luxuries have become cheaper, which raises the overall standard of living for those people integrated into the global economy (a large number to be sure, still dwarfed by the number of people that need to be lifted out of poverty). But as seen on that first chart in the link above, the ability to capture the wealth of the economy on a whole has diminished for the individual (without resorting to measures that exacerbate inequality further, like inheritances or usury). In the long-run this reverses many of the gains made in having a middle class.