It being a "good" economy has little to do with your purchasing power or real income. That's the fatal flaw of pure capitalism: So long as economy activity is i

It being a "good" economy has little to do with your purchasing power or real income. That's the fatal flaw of pure capitalism: So long as economy activity is increasing, everything is good. Doesn't matter if the benefits go to 1% of the population. Doesn't matter is it is at the expense of people's health or solvency. From a capitalist standpoint, more people in debt is good because it creates money out of thin air [1]. More people sick is good because that increases the size of the health market, et cetera. [1] https://www.bankofengland.co.uk/explainers/how-is-money-created https://www.bankofengland.co.uk/explainers/how-is-money-crea...