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yea the race to the bottom pretty much defines human progress. It is a great thing. That is why $100 today can get you what a king could not get 200 years ago.
by jpadkins 13y ago
yea the race to the bottom pretty much defines human progress. It is a great thing. That is why $100 today can get you what a king could not get 200 years ago.
- collyw 13y agoActually I think it is technological progress that drives what you have described. Take some things that have remained unchanged in the same time period. The price of land, property or gold for example. $100 will get you a lot less of those. Wages going down for the majority, while a few get a lot richer is hardly what I would describe as progress.