The Kuznets curve, Economics 101

[@oluwatofunmiayeni4758]

Awesome ❤

[@brianvirgin2995]

Thank you for the very clear exposition of these ideas. Of course a lack of democratic accountability can potentially nullify Kuznets' hypothesis. Another example of "Govt *is *the problem"

[@cwmiii]

Can the Kuznetz curve recur? In other words, when inequality falls back down at a higher level of prosperity, do societies enter a new era of growing inequality as they move to higher levels of inequality? The Industrial Revolution initially increased inequality, which came back down during the 20th century. The Information Revolution increased inequality (which has perhaps not yet hit its plateau). If so, does this not make all the fretting about the GINI coefficient even more off-point? Increasing inequality becomes a signal of increased prosperity in the way, rather than a symptom of a problem that needs to be "fixed".

[@classicalwit]

I had the same idea: that the economic cycles of expansion and contraction left on their own are as natural and inevitable as the waves of the ocean.

[@kanishkadhami-t8s]

Idk what he finds funny when saying everyone is dirt poor