Your response is so disjointed I'll just respond to the
parts most easily discerned.
To outline a
passage, start the
passage with; bracket ([)quote reverse bracket (]) text, bracket ([) forward slash (/) quote reverse bracket (]).
I understand the basics of economics, but who said anything about "arbitraily increasing wages"?
I have no problem with a truly open market, that option has been off the table for years. Likewise no problem with competition, indeed an open market can itself be the primary driver of innovation.
You might want to
research 'income inequality' as well as, oh, I don't know, 'stock market crashes' or 'economic bubbles' if you really think that "The only time there is periods of
income equality is when everyone is broke AF".
'Hyper equality' is an oxymoron, and I don't think that it is 'coming'. Unfortunately, I don't think a more equitable distribution of 'wealth' is coming either, which likely won't
work out well for anyone.
The "20/80 thing" is a false equivalency in this application, especially without any supporting objective evidence. In my experience with managing, admittedly small groups of people (10-12), the opposite has been true. The realization that 20% of workers were doing 80% of the
work should result in the replacement of some workers. Even having to pay unemployment would be cheaper than paying for a workforce that is only 40% efficient. (if I did the math right)
Guess you didn't watch the video.
The comparison had nothing to do with eating habits at the turn of the 20th century. The main point is that the only thing that has changed is the definition or range of affluence. Oh, and in case you haven't noticed, the 'free market system' that you seem to be banging the drum so loudly for considers the profit generated by the
current 'health crisises' a part of the GDP. A big part.
Watch the video.
By the way I've been a type 1 diabetic for 46 years, my costs for medication (born by me) are about 900.00 a year or about 1/10th those for an average diabetic in the US. As you may or may not know, 13 is a rather late age for the onset of type 1 diabetes, even if, as I am, one is genetically predisposed.
Since the
introduction of processed foods and high-fructose sugars were coincident with my diagnosis, and there are now strong indications (bordering on certainty) that the
introduction of said foods and their constituent sugars are responsible for a very large proportion of metabolic diseases (of which diabetes is one of the most common), should I be harboring a resentment towards your (unregulated) free market that introduced these 'foods'?
Watch the video, and revel in the amazing things the marvelous Free Market System has wrought...of course, if in the long run a relatively stable, equitable, long-lasting free market system is eventually produced, all the BS leading up to it will have been worth it. There are of course alternatives to all of this, but human nature, not to mention inertia, may prevent them from coming to pass...or not.
And with that, I bid you all adieu.