Delete comment from: Ken Shirriff's blog

Snial said...

Both the examples you've given are a product of government-funded innovation. The AGC in particular by software engineers at MIT. The problem isn't that you can't accelerate technological development without wealth disparity, but that massive wealth inequality is an unstable positive feedback loop (as proved by WW1 and WW2 following the gilded-age).

Oct 18, 2024, 2:55:52 PM

Posted to Wealth distribution in the United States