Comment
Comment by dnautics
the thing is the trends to inequality have been happening for much, much longer than that. This shit that is happening in this administration is a blip, some of them (Iran, Tariffs) will probably regress. Imo, it's not even clear that Tariffs are bad; it's entirely possible that people will simply buy less cheap 差不多 shit from china that goes straight to landfills because it doesn't work or doesn't last. Domestication of manufacture could create income-inequality-lowering opportunities in the low end of income bands, and also cause people to, let's say, spend 2x more on a product that lasts 5x as long. That would be a net INCREASE in wealth, which is not captured by any of the retarded metrics that economists and policymakers obsess over.