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Functionally the same thing, if you’re moving as fast as you can (with reasonable constraints re: sustainability). At least historically, the rewards of fast growth are reaped unequally. This ends up making everyone objectively better off & worse off relative to some other group
Yes I agree of course but don't think that's their stated argument (even if it may be the underlying truth). Also fwiw, some of the complaints about recent widening financial inequality are justified imo because it has been due to inflation of financial assets + response to '08
https://www.epsilontheory.com/things-fall-apart-part-2/ … @epsilontheory does a better job of showing this w/some interesting graphs
I know this is anecdotal and annoying unrebuttable but I have actually heard this argument and have heard multiple socialists argue we should be ok w dropping standards of living
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