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by systemvoltage
1458 days ago
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I'd argue that wealth disparity is good if we can lift the entire stratum upwards. We have been doing exactly that since the industrial age. Life of the poorest has gotten better. Worth visiting this debate at Yale:
https://www.youtube.com/watch?v=3RITVJy7ogI Inequality is overplayed and oversold to people who conflate crony capitalism to capitalism. The kinds of Thomas Piketty has done a tremendous amount of disservice to the west which hailed capitalism for over 2 centuries, unfortunately, USA + EU are regressing into socialism. |
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