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That trend started long before our society's current pillaging by the rich and their big businesses. The global elimination of poverty has more to do with grassroots technological and industrial development than it does with concentrating as much capital in as few hands as possible.
Far more worrying is that only a third of economics findings can be replicated without the author's help, and yet these are the supposedly scientific findings our politicians insist on basing policy off of. Even if policy seems counterintuitive and clearly harmful to the general public, we're given the explanation "because economics says so." It's clear now from the Federal Reserve replicability study that we're being duped.

http://www.federalreserve.gov/econresdata/feds/2015/files/20...