News for hackers. Stuff that matters.
Re:How People Get Rich Now by whimsicalism on Monday April 12, 2021 @01:35PM (#26782420)
Growth from whom and stagnation for whom? If during this "stagnation", the level of societal wealth remains the same, but inequality decreases, that indicates massive utility gains due to decreasing marginal utility of wealth.

Moreover, inequality now is extremely high, and growth is decelerating. China has less wealth inequality than the United States, yet is growing substantially faster.

Re:How People Get Rich Now by Aunche on Monday April 12, 2021 @01:49PM (#26782612)
> Moreover, inequality now is extremely high, and growth is decelerating. China has less wealth inequality than the United States, yet is growing substantially faster.

Growth is a second derivative. Income inequality is a function of first derivatives. You can't directly compare the two. If I had to guess, China's wealth inequality in China is growing at a much faster rate than that of the US.