>but not a single mention of a global system that is reaching a singularity in wealth concentration
that's not the case though and Dan is implicitly addressing this given that China is the subject of a decent chunk of the letter. Wealth in the global system is much more evenly distributed these days. We're much closer to a multi-polar world than we used to be in a long time. A lot of the emerging economies are building middle classes of serious size, it's a whole other world compared to 20 to 30 years ago. The developed world's been mostly stable inequality wise, the only outlier being tech oligarchs in the US but that's hardly a defining feature of the global system.
But globally we're likely living now in the first time in human history when the median human is going to see a drastic increase in their fortunes.
that's not the case though and Dan is implicitly addressing this given that China is the subject of a decent chunk of the letter. Wealth in the global system is much more evenly distributed these days. We're much closer to a multi-polar world than we used to be in a long time. A lot of the emerging economies are building middle classes of serious size, it's a whole other world compared to 20 to 30 years ago. The developed world's been mostly stable inequality wise, the only outlier being tech oligarchs in the US but that's hardly a defining feature of the global system.
But globally we're likely living now in the first time in human history when the median human is going to see a drastic increase in their fortunes.
https://ourworldindata.org/the-history-of-global-economic-in...