4 ms·
The growth will be in stocks and capital gains, in the consolidation of wealth by a few individuals. If GDP increases, that’s just money left on the table by t
by cheschire 3mo ago
The growth will be in stocks and capital gains, in the consolidation of wealth by a few individuals.
If GDP increases, that’s just money left on the table by the ultra wealthy.
- LeBit 3mo agoI wonder if I will witness the real revolution in my lifetime.
- b3ing 3mo agoThings have to get very bad before people start to act, it’s not there yet
- stasomatic 3mo agoI think we are knocking on the door of almost there, at least in the US from my armchair. Things weren't "that bad" in 1917ish Russia, it was a slow gradual imperceptible decline and then we got Lenin and his entourage as accelerants. Doesn't take much to start a fire. What is "bad"? Hunger?
- azan_ 3mo agoIf revolution happens, lives of almost everyone would become much worse. And for sure lives of IT workers which would be in kulaks category. (disclaimer: it's first world i.e. USA/EU perspective, I know there are other places where revolution could potentially be good).
- JimmyBuckets 3mo agoRevolution can mean many things. We are heading into having a parallel post-growth economy in the coming decades. I see this transition being accelerated by several forces (AI, climate change, digitzation of law and property rights, etc.). This revolution will allow us individually to exit the majority of our time to an economic frame that works for us rather than for the ultra-wealthy and powerful. It's the first moment in history that this feels possible.
- azan_ 3mo agoSurely you realise that average person can just buy stocks and reap benefits of it? And I'm not sure if you are serious about stock price-GDP division (typically higher stock prices are associated with INCREASE in GDP, not decrease).