How does the bottom 20% in the US fair from a standard of living vs those other countries with less "inequality". The metric really needs to be quality of life for those with the least, not the differential... because that is what we are solving for right? That those with the least have the best lives they can.
@shaunmmaguire Its actually a shift toward socialism that caused all of these things... bailouts, government backstops, loan guarantees on school, etc. etc. Without these things, its nearly impossible to see inflation like this, especially in today's world of nearly unlimited competition.
@SenWhitehouse Correct if you actually know how you should graph temperature changesโฆ this is like saying itโs cold in January then being shocked that itโs warm in July.
Trying going back furtherโฆ this time horizon is a blip and not relevant.
This post must go so hard if youโre stupid.
Capitalism didnโt just build the iPhone, it made it possible.
Capitalism raised the capital, took the risk, and coordinated the vision.
Labor showed up because that capital arrived first.
No capital, no factory.
No factory, no jobs.
Capitalism > Socialism every single time.