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So in the 1960s the rest of the world was rebuilding their bombed out cities. The US had no competition to speak of and provided “mature” at the time manufactur
by taurath 6y ago
So in the 1960s the rest of the world was rebuilding their bombed out cities. The US had no competition to speak of and provided “mature” at the time manufacturing to the rest of the world. There’s a lot of cracks and hand waving in this article, it’s a very roundabout way to say that income inequality isn’t a problem. It is a problem, and PG is so far removed from it he’s just thinking about how to justify keeping his and his friends’ money.
- bawolff 6y agoI don't think he said that. This seems like an article trying to explain increased wealth inequality. At most he's saying its a neccesary consequence of innovation, and he would prefer a world with innovation than without. That's very different from saying its not a problem.
- taurath 6y agoTying innovation/technology to wealth inequality at all is a false narrative. There’s literally the industrial revolution that “counts” towards this “pattern” and that is it. It’s comparing apples to 1970s automobiles.
- bawolff 6y agoThe invention of farming also counts towards that narrative