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by leot 5498 days ago
You're under the impression that the wealthy are looking to increase their absolute, rather than their relative, wealth. But much of what I've seen in the U.S. are policies focused on preserving or increasing relative wealth at the expense of the absolute kind.

The millions who, for their whole lives, have been poorly educated and are now unemployed (or imprisoned) could be making stuff of value that would ultimately make us all (absolutely) richer. This would increase the absolute wealth of the people-paying-the-bills (the already rich), but would decrease their wealth relative to those around them.

1 comments

This effect will be I treating to watch as the cost to produce goods approaches zero and our economy transitioms away from a scarcity model to something else. I suspect there will be a lot of people fighting that along the way.