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It's quite simply growing wealth inequality, and economists don't know what's going on because they use mathematical models that don't account for this. Recomme

• intended 1y ago
  Not entirely true regarding the criticisms of economists. I am not dinging Gary, and I think he’s done a solid job of putting this topic front and center. There are very specifically people who raised the issue of wealth concentration in economics, (Piketty) and theres been a Nobel as well (Bannerjee and Duflo).
• PaulKeeble 1y ago
  A lot of the riches income depends on the volume of the working class, they destroy the value of that work at their own peril and would be wise to restore sharing some of the benefits of growth or they might find things sharply snap against them.
• tootie 1y ago
  That's not what the article is about at all and also not true.