Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Were you born with a silver spoon in your mouth sir?

lol

hardly

lol was it hardly stuffed in ? Grin

Quote from: Biodom on September 17, 2019, 03:06:04 AM

er...read the book (it looked over many centuries).
It does not give an answer to what is right and what is wrong and/or what is preferable and what it not.
It simply described what happened and when.
To your first statement: No, the disparity does not steadily increase. It increased for a few centuries, correct, then decreased between 1930-1940 (following WWI/WWII combo, separated by just 20 years) until 1975-1980, then steadily increased again until now.
To your second statement: yes, there not many instances where the poor move several strata in one generation.
https://www.amazon.com/Great-Leveler-Walter-Scheidel/dp/0691192677/ref=sr_1_2?keywords=the+great+leveler

Thanks I'll buy it by the end of the month. Ain't got spare cash to swat a fly atm.

Unless there's an online free / pdf / bootleg version of it somewhere, then you can let me know.

But let's not forget, its just one book from one author - and it is socio-economics, something that is very hard to predict, even when using past data as example.

Think of what happened during the black plague. I remember reading some charts about the economic impact it had on the wealthy vs poor, if I find it I'll stick it here.

Good example...in the aftermath real wages apparently increased at least twofold and inequality decreased.
Albeit, many millions died as the result of that disease.
Hence, going forward, it is reasonable to predict that nobody would like it if some historical factors would temporarily "solve" the inequality.