Earlier quoted context omitted.
You’re right that technology is a necessary ingredient in some cases such as medical treatment. However workplace safety and 40 hour work weeks are not good examples. In the 1800s factory owners extracted as much value from their workforce as they could; they did this by maximizing working hours, dangerous working conditions, child labor, etc; all while enjoying lives of affluence themselves. It’s the fact that facto…
Worldwide wealth inequality isn't as important to look at as overall worldwide poverty, which has gone down markedly over the past century. It is much preferable to be able to have running water and food despite the richest person in your country having 30 houses, over having no water or food but the richest guy only has 2 houses. In the former, inequality is higher, but the absolute pain of poverty is lower, which i…
Can markets be useful? Yes, as part of a broader policy that checks capitalist power either through labor or government. In the US I believe the government is captured by the capitalist class; thus it seems to me that organized labor is the only avenue for real progress in the US.
[1] https://documents.worldbank.org/en/publication/documents-rep...