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A comment on A Guide to Statistics on Historical Trends in Income Inequality. Parent comment

Re:A Guide to Statistics on Historical Trends in Income Ineq... by beat on Monday November 19, 2018 @05:52PM (#18490474)
Globally, not locally. I've read Factfulness and felt profoundly inspired by Hans Rosling's insights, but he's talking about the nations who are catching up, not the nations at the top.

I suspect what happens is that nations climb out of the steady-state of poverty, and into the steady-state of fully modern economies, and the growth rate ceases. At that point, the powers in control of the flow of money become ever more sophisticated at directing any growth to themselves, until we see roughly 100% of all post-inflation growth going to a tiny minority at the top.

I don't know how to fix this, but I think it's a reasonable observation of the source of the problem.

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Re:A Guide to Statistics on Historical Trends in Income Ineq... by conanbatt on Tuesday November 20, 2018 @12:18AM (#18491951)
It's one way to look at it, and you will find multiple macro-models that will sustain some ideas, for example the increasing weight of government or how captured economies become. But globalization has definitely been a huge cause of stagnant wages in developed countries and sky-rocketing poverty reduction in the rest of the world.
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