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by hnarn
2570 days ago
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What's interesting is that you don't follow your own reasoning to it's almost completely Marxist end: continuous growth is only necessary _because of_ the extremely uneven distribution of wealth, and it follows that the need for continuous growth is then _exacerbated_ by the continuous increase in income disparity. "(...) Beginning in the 1970s, economic growth slowed and the income gap widened. Income growth for households in the middle and lower parts of the distribution slowed sharply, while incomes at the top continued to grow strongly. The concentration of income at the very top of the distribution rose to levels last seen 90 years ago".[1] [1]: https://www.cbpp.org/research/poverty-and-inequality/a-guide... |
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