[andy_ppp]

Not true, that was WW2 and high taxation on the rich that created the middle class. The Industrial Revolution was 1750 onwards so maybe you’re okay with it taking nearly 200 years to get a good settlement for working people but I am not!

If you look at most of the world, Nigeria or India say you’ll see disgraceful levels of poverty and a small number of people who are ultra wealthy. This is where we are heading in the west if we can’t prevent the rich from inflating and buying all the assets you will own nothing and rent everything from them.

[satvikpendem]

India and Nigeria made many economic mistakes. My comparison is China and Vietnam who reduced poverty manifold in a single generation.

[dofm]

So as long as nobody makes major economic mistakes it's fine?

[satvikpendem]

Yes? Of course making mistakes in any system leads to ruin.