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by smallmancontrov 23 days ago
Best performing for whom?

If the type of prosperity you want to point to is "stock market go up," we need to talk about who owns the stocks and who doesn't.

1 comments

It's been good for everyone. Quality of life in the US has risen with GDP.
"Let them eat growth!"
You say that like economic growth hasn't led to cheaper food.

We used to actually have starving people in this country, now we talk about "food insecurity".

Ah, so now the bar has fallen to "people aren't literally starving (yet)." Amazing.
Yes, "People aren't literally starving" is incredible progress for humanity. Progress which has coincided with the incredible wealth creation (not transfer, those things are different) of modern times.

Would you prefer to go back to a time were people were literally starving?

This argument, better articulated by Thomas Hobbes, would be right at home in 1651 were it was busy justifying the economic mismanagement of that time as well.
No, the bar has risen to "people aren't literally starving (anymore)." Amazing.
Pretty sure that's a rise of the bar, not a fall.