Poverty levels tells a different story.
Poverty levels tells a different story.
2. The proper basis for comparison for the iterative generation of wealth and productivity isn't the past, it's the reasonable alternatives at the same time in development.
Imagine you and I start with 100 coins each.
In Scenario A, I take 30 of your coins. Then we fight each other and fritter away 10 coins each. Then our respective coin volume doubles. I end up with 240 coins. You end up with 120. We're both better off than in the past. In total, we have 360 coins.
In Scenario B, I steal all your coins. Without any coins, you can't fight me, so neither of us loses any further coins. Our coin volume doubles. I end up with 400 coins.
In Scenario C, I don't steal your coins and because we're not busy fighting each other, no losses occur. We both end up with 200 coins. In total we have 400 coins.
I think the lesson here is self evident, and that's without raising the fact that growth slows and societies collapse due to wealth disparities. If the simple thought experiment isn't enough and you'd like something a bit more involved, read up on the history and philosophy surrounding our transition away from the feudal system. Our distaste of titled hereditary privilege was very well deserved.
Freedom is better than control. It leaves everyone better. Control will kill us all.
I don't really believe that, but it is an analog to your "is self evident" claim. Except I think your belief is much stronger.
Only thing worse ae the pensioners, who complain that there's "too much choice" in the stores... how they used to have one chocolate (which didn't have enough cocoa to actually be a chocolate), and now theres 3/4 of an aisle of just chocolates... the chocolate they used to buy is still there, but it's shitty compared to other stuff, then they buy a milka and complain that Lindt is too expensive...
According to this article [0] Jeff Bezos net worth is $188.7 billion. His shares of Amazon represent $172.8 billion. While unlikely, if Amazon stock plummeted he would have "only" $15.9 billion. While still a lot on its own, the vast majority of his money is not even usable (immediately).
[0] https://marketrealist.com/p/how-many-shares-of-amazon-does-j...
The rules were changed, removing limits on sizes of banks and lenders, interest rates, how much the boss can skim, treatment of pension funds and on and on and on. All in the interest of, those with money get more money. To the point they have almost all the money.
It's irrelevant how much cash they have on hand. They own the economy, lock stock and barrel. The rest of us can only hope for a small stream to cover our expenses and little else.
This has been covered by literally thousands of articles. I suggest reading something, anything on the subject.
How do you explain all of the successful people that started from nothing, and got to where they are now?
So what solution do you propose? Do they not deserve the money they made? The majority of businesses fail, don't the ones that succeed deserve a reward?
It doesn't change anything.
Everyone is better off and there are some that are, because of the system that made it better for everyone one, much better off.
Just a symptom of a system that benefits all.