2 ms·
No kidding. If you allow a population to gamble online, with prediction markets, derivatives, etc. don't be surprised if you widen the wealth gap. More winners
by amelius 7mo ago
No kidding. If you allow a population to gamble online, with prediction markets, derivatives, etc. don't be surprised if you widen the wealth gap.
More winners, but even more losers.
But hey, you only ever hear about the winners, so it's great for the image. America is doing great!
- MoltenMan 7mo agoThe subtitle specifically says 'the lower rungs of middle class have shrunk'? This seems a little ridiculous to just say. As trendy as it is to hate on modern day life and talk about how awful it is, in material terms it's pretty clearly better than it's ever been.
- amelius 7mo ago> The subtitle specifically says 'the lower rungs of middle class have shrunk'? Yes, perhaps because they are now in the class below that?
- happytoexplain 7mo ago>in material terms it's pretty clearly better than it's ever been. On a time scale of centuries, sure. On a time scale of decades, absolutely not.