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by mkempe 2890 days ago
Your diatribe is a complete distortion of economic history and facts, best crystallized by your use of "concentrated wealth" when what we have witnessed is an enormous creation of wealth.

Search engines, social networks, mobile phones, high-speed Internet, same- and next-day e-commerce, interactive maps, video streaming, 24/7 access to world-wide news and commentary, electric cars, cloud services, solar panels, wind farms, fracking, online banking, fitness monitors, 4K tvs, retina displays, tablets, e-book readers, voice-activated assistants, cleaning robots, advanced medical devices, tailored drugs, reusable rockets, etc. etc. are all created and those who create and finance the creation of these products and services deserve a) our accolades and admiration and b) reaping the rewards of their actions.

1 comments

>Your diatribe is a complete distortion of economic history and facts, best crystallized by your use of "concentrated wealth" when what we have witnessed is an enormous creation of wealth

Yes, created and concentrated. It used to be that economic activity led to the improvement of everyone's lives. Think the model that worked great for us from post WWII, until the financial deregulation and tax cuts of the 70s/80s. Now it leads to record corporate profits which enrich a select class of wealthy shareholders.

The average American has been absolutely forgotten and left behind, as evidenced by our current political climate.

Please get a grip on reality. The average American has access to vastly better products, services, and health care than past kings couldn't even have dreamt of. Even the amazingly wealthy Rockefeller did not have access to the modern bounty that the average American can easily buy and use today, the bounty that is being created by entrepreneurs and people in the corporations you apparently envy so much.