Re:Apple has €13bn Irish tax bill overturned
by fladrif on Wednesday July 15, 2020 @04:19PM
(#23851122)
The poor never had no economic value to begin with, the question merely becomes who is the latest in the line of exploiters. When they have no power and no leverage they are forced to work for peanuts in menial jobs that can just as easily replace them. In an increasingly automated society the lowest tier of human labor slowly resembles replaceable cogs; how much would a business pay for those?
Economic growth does lift all, but in an unequal society disproportionately lifts those who are already well invested in it. It will barely improve the lives those at the bottom with no equity in the market, perhaps with slightly better consumer-grade technology, but nothing in terms of income, social safety, or health that comes with climbing out of poverty.
that's not true. Especially if you view it from the angle of absolute poverty.
I wouldn't care that Bezos has another bazillion dollars due to economic growth - because with said growth comes more economic opportunities for the poor. Where once they had no economic value, there could be from being an amazon deliverer.
Where once there was no economic value as a subsistence farmer, the outsourcing of labour has generated economic value for underdeveloped nations. SO much so that China is now threatening the hegemony of the USA!
Economic growth lifts all.