Inequality is soaring, with the 1% scooping up ever-larger shares of global wealth. These days, the US has a Gini coefficient – the most common international measurement of inequality – on a par with slave-owning Ancient Rome. Maternal mortality rates for American millennials are three times higher than those of their parents’ generation
It’s a mystery how the US belongs to a select group of contries with homongous GDP but lower life expectancy.
Inequality is like some of the worst developing world countries
https://www.theguardian.com/books/2025/aug/05/progress-by-samuel-miller-mcdonald-review-humanitys-greatest-myth
Why is the US dollar always worth less than the pound and the euro, if it’s this great functioning economy? I’ve never been able to work that one out.
Because 1 apple isn’t equal to 1 banana.
Because the actual number doesn’t matter, only the change trajectory.
Put it differently: A water melon costs more than a dollar. Still, a water melon doesn’t have a great functioning economy.
That’s why people really ought to be taught basic economics before being let out to frolic in the wild.