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infofarmertoday at 4:16 AM2 repliesview on HN

The most jarring effect is to look at incomes in ounces of gold before and after 1971. Explains a lot of things.


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torginustoday at 10:19 AM

Why would universal economic growth imply everyone owning more of a resource with a limited supply?

There's only so much gold in the world (which is kind of the point) - if people in $INSERT_COUNTRY owned more of it per capita, that would mean global inequality has increased, and thankfully we've seen the opposite of that.

toomuchtodotoday at 4:50 AM

Workers have become ~90% more productive over the last forty years, and received very little of that value, while the US throws off ~$5T in profits per year to shareholders. There is a reason socialism has become palatable politically recently to the electorate, and will continue to be until the labor situation changes.

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