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Economy

Celerity

(51,799 posts)

2. I like Yang, he is a big thinker/big picture type, like I am, I hope he gets a place in the cabinet

Reply to Sherman A1 (Reply #1)

Tue Oct 22, 2019, 06:02 AM

Oct 2019

The USD GDP per capita as a true measure of well being in the naion is a joke. So much of it is driven by the paper market/financials that have very little trickle down to bottom half. The level of US wealth inequality (the number one overarching, interlocked statistic that determines the overall success, societal health, quality of life, etc etc of a nation) is absolute horrific. The US GINI coefficient has been as bad as 138th in the world since 2000, especially around the time of the 2007-2009 financial crisis and its aftermath. The US was always in the top 3 to 5 for decades until the later half of the 60's, when it started to slide.

great video (under 17 minutes long too)

How economic inequality harms societies | Richard Wilkinson

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Our shrinking economic toolkits [View all] Celerity Oct 2019 OP

Very interesting. Sherman A1 Oct 2019 #1

I like Yang, he is a big thinker/big picture type, like I am, I hope he gets a place in the cabinet Celerity Oct 2019 #2

Thanks for another interesting post Sherman A1 Oct 2019 #3

+10000 Celerity Oct 2019 #4