Aielyn on 16 June 2012
| richardhutnik said: If the wealth increases spread more evenly, then yes that can happen. If it is in terms of rich getting richer, where the advantages have an exponential effect, and the games are selectively at the top, then that is a problem. I assume GFC here stands for "Global Financial Crisis". |
I should clarify that I'm referring to "the rich getting richer" in isolation - that is, the rich getting richer at the expense of growth for everyone else.
If the economy becomes stronger, making everyone else truly richer, the rich will also benefit from it. But the converse doesn't work.
