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This post is a total flaw. It mistakenly confuses wealth distribution with wealth creation. Let's say that, given the same inputs (raw materials, labour, capit
by viandante 15y ago
This post is a total flaw. It mistakenly confuses wealth distribution with wealth creation.
Let's say that, given the same inputs (raw materials, labour, capital, etc.), in 2011 an economy produces 100 with technology A and that in 2015 it produces 120 with technology B. Then this is a wealth creation of 20.
Now, how that 20 is distributed becomes the question. That is totally and completely detached from the efficiency gain passing from technology A to B. It has much more to do with how the State works and how society works. For example, in the Nordic countries, they somehow manage to redistribute wealth creation between the population (unskilled workers included). But I repete, that is a tottally different discussion.
And also, please use data. This post uses none. If it did, it would have seen the GDP per capita on a rasing trend everywhere from the start of the 20th century. Which basically means that efficiency has already improved a lot the life of everybody, rich and poor.