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> and a couple decades on, immense wealth has been created For whom? "Everyone". Maybe we can quote some "Everyone is better off now/the global standard of liv
by Avicebron 4mo ago
> and a couple decades on, immense wealth has been created
For whom? "Everyone". Maybe we can quote some "Everyone is better off now/the global standard of living has increased bullshit". Have you tried to get a job that pays enough to buy the average house in your area?
- ElProlactin 4mo agoI don't know why you're conflating the issue of income and wealth inequality with the fact that investments in "the internet" (and all the associated hardware and infrastructure) proved to be some of the best investments in history. And not because of monetary policy, financial engineering, and the like, but because the internet proved to be a civilization-changing technology.
- Avicebron 4mo agoI'm failing to understand how you are failing to understand. Can you try and explain that again?
- ElProlactin 4mo ago> Can you try and explain that again? Sure. How did the fact that the internet was a revolutionary, civilization-changing technology that produced some of the best investments in history cause housing to become unaffordable? If you're worried about asset prices and the affordability of housing, you should be far more upset at central banks/monetary policy than you are at the internet, ecommerce, smart phones, etc. You could also be upset at zoning laws, and tax and immigration policy.