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Inequality is not just about poor people feeling bad because the rich have bigger TVs! In modern countries, markets are the standard way of distributing finite
by amit_m 13y ago
Inequality is not just about poor people feeling bad because the rich have bigger TVs!
In modern countries, markets are the standard way of distributing finite or growth-limited resources (e.g. apartments in San Francisco). In these games the ONLY thing that matters is relative wealth.
As a result of this, poor people become measurably poorer as a result of other people getting richer.