Comments by "impudentdomain" (@impudentdomain) on "Why 1% Of the World's Population Controls 45% Of the Wealth" video.

I had a professor of economics explain how wealth becomes greater and greater as technology changes in this way. In the early 19th century when transportation was done by barges and carts and there was only the post office for communication, there were some retailers in large cities who became very wealthy with one or two big stores, but their wealth didn't quite get to millionaire status. Later as the railroads and telegraph made both transportation and communication faster and cheaper they opened branch stores in other cites or sold through the mail. Then they became millionaires as their base of customers increased. As both transportation and communication continued to become cheaper and better they were able to have huge chains of stores. Now with the internet you can literally sell to the entire world and the result is creating billionaires even though the profit margins might be narrower than ever before.
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@danielc1112 sure Marx got some things right, otherwise no one would have ever followed him. The problem is that his solutions were total crap.
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