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by louison11
420 days ago
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If it's always been this way, can you explain why most people today live in far greater conditions than 2000 years ago, or even 100 years ago?
Or the dramatically declining global extreme poverty rate during that same period? If being rich always meant you took it from the poor, then you'd never have any improvement for anyone that does not result in worsening for someone else, mathematically. It seems to me economic growth is the proof that money is not a zero-sum game, and that one can create value, that creates jobs, opportunities and a betterment in life across the board. A tide that lifts all boats. You can validate that by looking at world economies. The countries with no innovation/entrepreneurship aren't better off for having less people building wealth: everybody is just poorer. In contrast, more capitalist wealth-oriented economies tend to create more opportunities. |
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None of this has much to do with economic growth, economic growth is an artificial construct on top of the material reality, used to justify a specific way of viewing the economy and the way things are structured.