4 ms·
Hard work had little to do with it. A unique set of factors generated a historic economic boom that was briefly able to sustain a uniquely prosperous lifestyle
by standardUser 1y ago
Hard work had little to do with it. A unique set of factors generated a historic economic boom that was briefly able to sustain a uniquely prosperous lifestyle for some Westerners. It came unwound because it was never sustainable.
- arresin 1y agoThe cause and effect might be the other way around. When capital relaxes its grip on your neck a bit and when it loosens its fingers just a bit, people naturally produce more and there's more surplus for everyone. The economy is just human sweat and no one wants to sweat just to see their output go overwhelmingly to people who, basically by fluke and moral flexibility, control capital.
- giingyui 1y agoIt came unwound when we allowed mass immigration to destroy the wages of the lower end and stopped building to respond to the housing demand. That can be easily undone, if the powers to be allowed it.
- k__ 1y agoIt came unwound when we allowed enterprises to destroy the wages of the lower end and stopped building to respond to the housing demand. That can be easily undone, if the powers to be allowed it.
- giingyui 1y ago[dead]
- sandy_coyote 1y agoSurely you're referring to Europeans in the 1800s!