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We're running out of something though, or some combination of things. Otherwise you wouldn't have such accelerating inequality and popular unrest.
by arise 4y ago
We're running out of something though, or some combination of things. Otherwise you wouldn't have such accelerating inequality and popular unrest.
- wyre 4y agoYa, we’re running out of wealth mobility. No one can afford houses because corporations vacuum up all the money.
- bawolff 4y agoVs pre-ww2 where all the peasents could easily afford real estate?
- wyre 4y agoThe population of the US has nearly tripled since then and the GDP has grown almost 2000%; more than 1500% if looking at real GDP [1]. There should be far more wealth equality now but there isn’t. [1]https://www.statista.com/statistics/1031678/gdp-and-real-gdp-united-states-1930-2019/ https://www.statista.com/statistics/1031678/gdp-and-real-gdp...
- bawolff 4y agoThe 1920s was very famous for wealth inequality, so im not sure that's true. With a quick google i found this graph https://www.cbpp.org/wealth-concentration-has-been-rising-toward-early-20th-century-levels-2 https://www.cbpp.org/wealth-concentration-has-been-rising-to... which suggests that the present is much more unequal than the 1970s, but still hasn't risen to the level of inequality from the pre WW2 era.