Friday, September 16, 2011

Class 6


Growth is very rapid today compared to the rest of history. The speed at which wealth and technology increase is faster than it has ever been, and by a large margin. 

This most recent growth looks exponential, and as far as Rizzo's concerned we can sustain it for a long long time.

It's not really possible for the rich to get richer by exploiting the poor in a growth scenario like this. 

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