Britain and the US are poor societies with some very rich people
In other words: the reason the poorest Americans are so poor is the exceptionally steep inequality gradient, not a lack of overall prosperity.
There’s plenty of 💰 to go around, but too much is going to those at the top, while the safety net at the bottom is totally inadequate.
— John Burn-Murdoch (@jburnmurdoch) September 16, 2022
Fourth world: Parts of the developed world that have collapsed past third-world conditions because industrial safety nets have simultaneously withered from neglect/underfunding, and are being overwhelmed by demand, but where pre-modern societal structures don’t exist as backstops anymore.
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