Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
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Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#2Same with Brazil or Portugal or Angola. Full of billionaires with poor people.
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#3Same with Brazil or Portugal or Angola. Full of billionaires with poor people.
Yeah, its all inequality. Most people are going to be renters forever in my hometown and the government has absolutely no plan to fix it. People will just be pushed farther and farther away from where they work and will have longer and longer commutes because it is impossible to pay to live close to work with the salaries they're making.
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#4There's no paradox here. Distribution of wealth matters. Rich got richer and everyone else didn't. Simple as that.
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#5Capitalism optimization: make the rich richer making the poor poorer
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#6Same with Brazil or Portugal or Angola. Full of billionaires with poor people.
Yeah, its all inequality. Most people are going to be renters forever in my hometown and the government has absolutely no plan to fix it. People will just be pushed farther and farther away from where they work and will have longer and longer commutes because it is impossible to pay to live close to work with the salaries they're making.
> Most people are going to be renters forever in my hometown and the government has absolutely no plan to fix it
This seems to be the plan basically everywhere though. Yes, some countries still have a ladder for average people to own property and find success, but the global trend seems to be that this possibility is shrinking for the vast majority of people
That's what happens when average people have to compete with real estate conglomerates for housing though
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#7Capitalism optimization: make the rich richer making the poor poorer
Influence will be distributed similarly, regardless of political system: (Pareto Principle) https://en.wikipedia.org/wiki/Pareto_principle
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#8There's no paradox here. Distribution of wealth matters. Rich got richer and everyone else didn't. Simple as that.
As Ray Dalio has mentioned, you should measure results on how it impacts the bottom 51% of the people (the majority) it's a lot more illustrative than looking at the average.
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#9Feel poor??? Man... this is some prime ragebait title.
Re: Greece Is Richer. So Why Do So Many Greeks Still Feel Poor?
#10Seems like housing again:
> Rents have surged in recent years, driven by tourism, foreign investment and a shortage of affordable housing. The cost of housing now consumes one of the largest shares of disposable income in the European Union
My impression is that where housing is expensive, there will be complaints of unaffordability (obviously), but also vice versa, that where there is unaffordability, housing always seems to be a large component (at least in "the west").
in most places basic food (rice and beans or an equivalent) is cheap. Services can usually be skimped on. Transportation can usually be flexible (new car / cheap used car / transit / bike). Housing costs seem to be relatively non-flexible though.
I wouldn't be surprised if Greece has strong NIMBY factors.