All of those “average income went up” graphs mean absolutely nothing if rent cost growth overshadowed that increase. Remember that whenever somebody says “capitalism increased average wealth in X country”, specially if X country historically had a non-commodified economy.
Take a rural country where the majority of people have rural housing, make 50% of that country pay rent and watch the line go up! “Progress”!
Hmm, these people have all their basic needs met. We should seize and enclose their needs, so that we can infinitely increase GDP when we sell them back!
Cool fact: paying rent increases GDP!
All of those “average income went up” graphs mean absolutely nothing if rent cost growth overshadowed that increase. Remember that whenever somebody says “capitalism increased average wealth in X country”, specially if X country historically had a non-commodified economy.
Take a rural country where the majority of people have rural housing, make 50% of that country pay rent and watch the line go up! “Progress”!
Hmm, these people have all their basic needs met. We should seize and enclose their needs, so that we can infinitely increase GDP when we sell them back!