this post was submitted on 29 Apr 2024
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Without economic growth and technology advancement, our quality of life would be mud huts and berries.
I agree that we don't have the balance quite right but overall the system has worked.
It used to work, and has worked, off and on, when we get the balance right. You're quite correct about that.
The problem is that the people who benefit from an unbalanced system aren't the people who are hurt by it. That means the system isn't self-balancing until it's so out of whack that the rich are getting whacked.