Comment

Comment by vladd

> The current economic system funnels economic value from the poor to the ultra rich.

The economic system creates values (and you can compare it with alternatives such as Soviet Union to realize just by how much). It does this in an unequal way, by chance, historical context and self-selection preferences. But the creation of value still trumps any inequality it might have. With TV, air conditioning and phones, an entry mid-class person in US is having it ten times better than the kings of middle ages.

parent vladd 2 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton