Quote:
Originally Posted by GGG
The reality is a rising tide will lift all boats. Or at least 95% of the boats.
The belief that the world has become zero sum has become prevelen especially among young men. In reality robber barons are taking the surplus.
Not sure how you work this belief back. Ironically MAGA as a value statement of a throwback to the 50s/60s would be embracing the rising tide idea that dominated so much of post war America.
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If resources were unlimited, then you'd have a point. But they are not, and as we all compete for scarce resources that are becoming scarcer, prices must rise and things become less affordable.
Think of something like surface water. It's a limited resource, allocated to cities, farms, industry, and other users who all want more for cheap. The more water that goes to producing widgets, the less is there for food. This causes prices to rise, which means people pay more for everything. So as more people rise in living standards, they buy more widgets, putting more pressure on a scarce resource, increasing prices. It's easy to see how this makes life less affordable for us as other countries rise. And that's just one resource.