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> The Internet has already redistributed earth shattering quantities of wealth in record time. Given that inequality has been steeply rising, you must mean tha
by gress 11y ago
> The Internet has already redistributed earth shattering quantities of wealth in record time.
Given that inequality has been steeply rising, you must mean that it has redistributed wealth further from the poor to the rich.
- dragonwriter 11y agoOr one might mean that it has redistributed the other way, while other factors in society were redistributing from the poor to the rich, and that the net imbalance would be far worse without the mitigating effect of the internet. Your presentation presumes that the internet is the only redistributive factor that existed in the time under consideration.
- gress 11y agoTrue, but pointing out multiple interpretations adds nothing unless you can tell us about the other factors. What are they?
- dragonwriter 11y agoThe most obvious one is tax policy changes that shifted the relative burden off the rich, which is a pretty direct upward transfer.
- umeshunni 11y agoGlobal inequality has been sharply dropping over the past few decades as hundreds of millions of people in India and China have been lifted out of poverty. Amusing that you think inequality has been rising.
- gress 11y agoIt has been rising in the U.S. and Europe. I imagine you're pretending you didn't know that, but it's not clear why.
- deleted 11y ago[deleted]