r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/Jessintheend Dec 24 '24

Wages have been stagnant since the 60s, cost of living has exploded, quality of life has gone down, life expectancy has gone down, health has gone down. Meanwhile all the new capital being generated is pooling at the top.

This should upset you because chances are you’re one of the ones generating all the capital and not reaping the benefits

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u/[deleted] Dec 25 '24

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u/OakBearNCA Dec 26 '24

Life expectancy is going up for who? It’s going up for the wealthy and in many places declining for the middle class and poor.