I really thought COVID would be a bit more successful in this regard, give us a bit more room on the streets, shake loose some of that boomer wealth.
Gosh dang the black plague generation has it easy in comparison.
In Capitalism, the death of 1/4 of the population would just further concentrate the wealth at the top.
Nah, they need the workers to leech from. Think how much power the workers got from Covid as it was, losing less than 1% of the population; can you imagine how much in-demand labor would be with a 25% loss of supply?
What’s the deal with Warsaw?
the argument that Poland was resistant to the plague comes from a lack of statistics attributed to Communist rule in Poland during the 20th century.
evidence against Polish omission from the plague includes societal changes often associated with the plague. In particular, during the second half of the fourteenth century, changes included the increase in the size of Polish forests, the increase in wages in Kraków, and the collapse of grain prices. These societal changes are widely attributed to the demographic shifts resulting from the Black Death and were documented in both Poland and other European countries.
So, basically, a successful re-writing of history.
The biggest tragedy here is that map.
They confused København with Kòlbrzég, and London with Llandudno.
The middle class was subsidized. It has been unsubsidized and slowly squeezed out since 1981.
I doubt President Musk is going to stop subsidizing himself in favor of a middle class, like back in the 1950s.
Now still needs work, but it’s better than the past.
Depends on your geographic location and which part of the world you were born in.
If you were born in a first world country, then you are the top lucky 13% of the global population that owns about 86% of the global wealth … a different story if you are the middle 35% of the population who own about 13% of global wealth … and really unlucky and might as well live in the middle ages if you are the bottom 52% of the population who all collectively own about 1% of the global wealth.
https://www.visualcapitalist.com/global-wealth-distribution/
Existence is still much better than it was in the pre-modern period for just about everyone who isn’t living an ultra-traditional lifestyle somewhere so far from the national government’s focus that the government may as well not exist for them. And that isn’t a very large number of people, considering the massive improvement in living standards that even most modern subsistence farmers benefit from.
“Things are bad now and it should not be this way” does not preclude “things were worse before”.
Furthermore, from your own source:
Interestingly, the lowest segment of wealth has shrunk considerably since 2000. Between 2000 and 2022, it fell from 80.7% to 52.5% of the global population, and is projected to keep decreasing. Despite this, the total share of wealth controlled by this rung is just 1.2% of the global total.