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by prottog
1163 days ago
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> Question those who question ... the creation of abundance I cannot agree with you more on this point. The whole history of capitalism and all it depends on (rule of law, strong private property rights, laissez-faire economic policies) has been one of a rising tide lifting all boats. Now in the developed world, material wealth has gotten to such a level that people in power are much more keen on divvying up the pie as they see fit than baking more pie. People have gotten myopic on this topic because they see more wealth than ever before; they question why we need to create more wealth, instead of spreading the existing wealth around? And that leads to precisely the kind of thinking you underlined: a further rising tide is bad, if some people end up in bigger yachts. |
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