The idea that “too much” wealth/value creation is a bad thing is a bug the political left needs to patch ASAP. Sustainability matters — it’s possible to borrow against the future at a bad rate — but slow growth (or even regression) as a political aesthetic is super concerning
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Replying to @webdevMason
hmm is their argument really that wealth/value creation is a bad thing or that it's distributed unequally? I don't think socialists today are the proletariat of yesterday: they want "free college, craft beers, and Brooklyn lofts" for everyone as
@antoniogm memorably put it2 replies 0 retweets 6 likes -
Replying to @pratyushbuddiga @antoniogm
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
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Replying to @webdevMason @antoniogm
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
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https://www.epsilontheory.com/things-fall-apart-part-2/ … @epsilontheory does a better job of showing this w/some interesting graphs
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