[splintercell]

If inequality within a country matters, then inequality between countries also matter. For instance back in the 60s at least European countries produced cars and other things to compete with American cars. Today when a new technology comes out, like Facebook, it captures nearly all the value in America itself. American investors and their 401k, capture a bigger share of it (the more money you have to invest, more money you'll make, which makes it disproportionately go towards America, and yes, more towards some Americans). Even in America, HCOL (high cost of living) areas capture more value than LCOL areas.

This trend is just expected to accelerate. No to mention the strengthening of the dollar and flight towards the Dollar is another wealth transfer from ROW to the US.