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@MostlyTato

“ Let me introduce another key concept from my book: the wealth pump. It’s the perverse mechanism that takes the riches from the poor and gives them to the rich. In medieval societies, this would be accomplished by means of coercion: the lords would just extract wealth from the peasants. In capitalist societies, it is done in a more gentle way.

It happens when the wages of the median, typical American, or a member of some other population, starts to decrease with respect to the overall level of wealth, which we can measure with GDP per capita. When this measure of relative wage declines, that creates the wealth pump, because all that extra wealth that society is producing goes right up to the economic elites.”

@TonyVladusich
The exact quote I was going to post when I got around to it, thank you.