The Rise of Consumption Equality
3rd January 2012
Just about every product or service that makes our lives better requires a mass market or it’s not economic to bother offering. Those who invent and produce for the mass market get rich. And the more these innovators better the rest of our lives, the richer they get but the less they can differentiate themselves from the masses whose wants they serve. It’s the Pages and Bransons and Zuckerbergs who have made the unequal equal: So, sure, income equality may widen, but consumption equality will become more the norm.
January 5th, 2012 at 06:25
What’s this? Whining that the elite aren’t so elite anymore? What’s the use of having $17 billion if you can’t lord it over all the peasants?
Well, since all that money fails to differentiate the rich from the poor, why are the rich bitching so hard about giving up some miniscule portion?
Sounds like dog-in-a-manger syndrome to me.
January 5th, 2012 at 08:16
The only people whining seem to be those on the left who don’t like other people having more than they do. You want whining? Look in a mirror.