Re:What do economists say about inequality?
by jtlien1 on Friday January 15, 2016 @04:45PM
(#10912372)
The inequality is more apparent than real. I enjoy watching videos of Dallas from the 1980s. They were the richest oil men in Texas. But look real close... They are using dial telephones. They could have had expensive radio phones in their cars, but who would they talk to? The couldn't even order a pizza. The entrepreneurial culture that led to cell phone being universal wasn't there yet. It is the NETWORKS that make us all rich compared to where we were decades ago.
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