30 sats \ 1 reply \ @ssaurel OP 15 Feb \ on: Cantillon Effect 101: Top 0.1% Have Seen Their Wealth Jump by 1,000% Since 1990 econ
While the Top 0.1% saw their wealth increase by 1,000%, the Bottom 50% lost 25% of their wealth over the same period.
This catastrophic situation has accelerated over the last few years with the unreasonable money printing of the major central banks like the Fed and the ECB.
The worst thing is that it will continue because the current system is a debt-based system that cannot survive without it.
The way out is Bitcoin.
We can only hope that, as the flaws of this system are exposed, the general public will continue to open their eyes to Bitcoin.
Central bankers and banksters can thus be considered the best marketing team in favor of Bitcoin!
The development of computers has also compounded the issue also by increasing the power in the production process of those benefiting from the fiat system and diluting the working class' power of negotiation in the market. These issues in large part have contributed to wage stagnation despite record corporate profits. The playing field has to be made moral by having a system where everyone operates in the market under the same set of rules.
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