> From all I can see, what's happening is the natural consequences of lifting billions of people out of poverty.
Ah yes, billionaire CEOs and investors have lifted millions out of poverty and so the market has rewarded them with steadily increasing incomes. But wait! I thought the market only cared about profits!? Why would it reward them for lifting millions out of poverty?? Is it possible that the modern American political system has been bent to the exclusive benefit of the rich at the expense of everyone else? Nah.
>Why would it reward them for lifting millions out of poverty?
Because a worker and consumer with high productivity and high standard of living is more valuable to everyone involved (creates more value, buys more stuff) than a subsistence farmer? [0]
Really the only people totally losing out here are environmentalists, as the newly minted middle class overwhelmingly buys cars and air conditioning.
Ah yes, billionaire CEOs and investors have lifted millions out of poverty and so the market has rewarded them with steadily increasing incomes. But wait! I thought the market only cared about profits!? Why would it reward them for lifting millions out of poverty?? Is it possible that the modern American political system has been bent to the exclusive benefit of the rich at the expense of everyone else? Nah.