Toro
Diamond Member
Just sayin'.
Who's with me?
Who's with me?
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Go long America!
No system has created more wealth nor lifted living standards as much as capitalism.
True but, the separation of the super rich from the just barely better off leeds to ugly comparison.
And those who insist on being be irresponsible about sex, to be substance abusers, to take what is not theirs are determined to be impoverished no matter how much society advances.
You look in the history books and see how folks lived not so long ago (and my parents told me stories!) and see how folks live in much of the world and you are amazed at the benefits of the capitalist system. But there are always those who look for the cloud in the silver lining.
Sure, we're always hearing Marxists and doom'n'gloomers say that, but it's not true. Real incomes incomes have been advancing steadily world wide for decades and centuries, and even with our current 'festivities' we're still within a percent of all time highs.... income increases in the developed world are a thing of the past.
income increases in the developed world are a thing of the past.
I don't believe that. Everything getting cheaper and better however is highly deflationary and getting better is hard to calculate in meaningful term. A five peta-byte computer in say 2020 may very well sell for less than a 2 terra-byte computer now but will it do significantly more or faster?income increases in the developed world are a thing of the past.
There is no reason whatsoever to think the next 100 years won't be as significant as the last 100 years. The idea that everything thats going to be invented has been invented has always proved very silly.
I don't believe that.
Everything getting cheaper and better however is highly deflationary
and getting better is hard to calculate in meaningful term. A five peta-byte computer in say 2020 may very well sell for less than a 2 terra-byte computer now but will it do significantly more or faster?