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Yeah influencers aren't the problem but seeing how total productivity improves year by year yet the average wealth of people hasn't just highlights that perhaps
by BingoAhoy 5y ago
Yeah influencers aren't the problem but seeing how total productivity improves year by year yet the average wealth of people hasn't just highlights that perhaps we all should be living like influencers.
Perhaps that's partially a problem of expectation alignment but I think it's more a problem of distribution of productivity. Jeff bezos can afford a 500 million yacht cause he and his class of people are hoarding a lion share of the productivity gains that should be more fairly distributed amongst the people.
Homelessness and making money to feed oneself is a significant problem in the world's wealthiest nation. Yet surely we produce more than enough food to feed all of North America. China has also shown the world it can drive construction along to the scale of building 20 to 30 Manhattans in a few decades. Yet the US can't? Why? Something smells rotten I think it's capitalism.
- reedjosh 5y ago> I think it's capitalism. That's funny. I think it's government interference artificially supporting monopolies and bad incentive structures. The 2008 bailouts as an example of propping up companies that deserved to fail and corn/wheat subsidies that generate junk food as an example of bad incentives.