Economics

The trend in the past 4 years where the high income people are pulling away from the low income is not good. Hopefully this can be reversed!

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

It’d be interesting to see this side by side with household wealth.

My bet is it’s the wealth effect.

Capitalism in its late stage is falling apart because the ruling class plan of squeezing every last penny out of the working class is causing mass homelessness, hunger, lack of hope or security, lack of healthcare, all these crises for the working class who are only barely able to survive, and then the upper classes who are taking vacations and buying VR headsets. That's how empires fall.