Slave wages or not, rich are getting richer and poor people poorer (inflation taken into account). There is nothing to add.

Neo-feudalism

e-


Depicted is a prince making his serfs farm gear for his Path of Exile 2 character.

This post was edited by Mondain on Jan 15 2025 07:26am

for additional reference, in 2012 the richest man in the world was Carlos Slim at 69 billion, about 4 times less than today's ultrabillionaires.

True, but Musk, Bezos and Zuckerberg are still outliers. For example, Warren Buffet's net worth stood at $60bn in 2013 and $120bn in 2023. Adjusted for a total CPI inflation of around 30% over this decade, Buffett's real (inflation-adjusted) net worth rose by "only" 53%.

https://www.calculator.net/inflation-calculator.html?cstartingamount1=100&cinmonth1=13&cinyear1=2013&coutmonth1=13&coutyear1=2023&calctype=1&x=Calculate#uscpi
https://finance.yahoo.com/news/unveiling-secrets-warren-buffett-gained-172650258.html



The truth is that the net worth of most of the ultra-rich is tied to how their companies are doing, which is heavily dependent on the specific industry. Slim's net worth shot up during the 90s and 00s due to the cellphone boom, but has barely kept up with inflation rates since 2012 because his sector (cellphone and telecommunication services) has become stagnant, with low margins and low growth.

Musk, Bezos and Zuckerberg happen to be owners of companies in the industries which have grown the most in recent years.

lmao

Should post this here too https://forums.d2jsp.org/topic.php?t=105567746&f=119 in response to OP

Don Jr. and his publicist missed a great chance to embarrass the media.

Conservatives trying to destroy their own party?