Well, the poor aren't calling the shots in most countries. Its the elite. Those in the ruling party and their friends. In terms of improving conditions for the poorest decile, its a bad deal. This is why we're seeing so much wealth concentrated with Musk, Bezos, Ma, Bernard Arnault, etc. And for those in the top 20-30% economically, a fair deal too.The poor weren't forced to sign up. They're too economically illiterate to understand what's happening. And even if they did understand, they're not empowered to alter the outcome--even in democratic countries. It takes money to steer policy. Or a revolution.
No comments yet.