Comment by czl
2 years ago
The situation is nuanced. For example, in medicine, technological advancements have undeniably benefited people across all economic strata. Vaccines, antibiotics, and improved diagnostic tools have increased life expectancy and quality of life globally, including in developing nations. These benefits aren't limited to the wealthy; they've had a profound impact on public health as a whole.
> The same arguments have been made about the internet and other technological advances, and yet, inequality has _grown_ sharply in the past 50 years.
The internet has enabled remote work, online education, and access to information that was previously unavailable to many. Smartphones, once luxury items, are now widely available and have become essential tools for economic participation in many parts of the world.
> So no, "trickle down technologies", just like "trickle down economics", does not work.
It's crucial to distinguish between zero-sum and positive-sum dynamics. While relative wealth inequality has indeed grown, overall absolute global poverty has decreased significantly.
When a new technology or medicine is invented is everyone everywhere automatically entitled to it? Even if this slows down more such inventions? Because equality matters more than growth of overall prosperity? Would you prefer to be alive at a random time in history centuries ago, a random life where there is less technology and less inequality?
I'm not saying that the internet and technological advances have not benefitted humankind. They certainly have in the ways you described, and others.
But when it comes specifically to reducing economic inequality, they have not done that -- in fact, they have possibly exacerbated it.
Global poverty is a separate issue from economic inequality, and the gains there have been primarily from extremely low levels, primarily in China and India. In China this was driven by political change and also globalization that allowed China to become the world leader in manufacturing.
I would also put medical advances in a separate category than the internet and similar tech advances.
> I would also put medical advances in a separate category than the internet and similar tech advances.
Why? Medical advances are technology are they not?
> But when it comes specifically to reducing economic inequality, they (tech advances) have not done that -- in fact, they have possibly exacerbated it.
Yes technological advances do not necessarily reduce economic inequality, and may even increase it in some cases. However, this is a complex issue: While tech advances may exacerbate inequality, they often bring substantial overall benefits to society (e.g. improved healthcare, communication, productivity).
Technology isn't the only factor driving inequality. Other issues like tax policy, education access, and labor markets play major roles. Rather than suppressing innovation, there are ways to more equitably distribute its gains (Progressive taxation and wealth redistribution policies, Stronger social safety nets, Incentives for companies to share profits more broadly, …)
Notice also that most technologies increase inequality initially but lead to broader benefits over time as they become more accessible. Faster rate of innovation can make it look like this is not happening fast enough so yes economic gaps can grow.
> Global poverty is a separate issue from economic inequality, and the gains there have been primarily from extremely low levels, primarily in China and India.
While it's true that global poverty and economic inequality are distinct concepts, they are interconnected, especially when considering technological advancements.
> In China this was driven by political change and also globalization that allowed China to become the world leader in manufacturing.
Yes. China transitioned from a strictly communist "economic equality first" model to a more market-oriented "prosperity first" approach and lifted millions out of extreme poverty. Yes this contributed to increased economic inequality within many developed countries that have outsourced low-skill labor. But can we deny the substantial reduction in global suffering due to the alleviation of absolute poverty? Is this outcome worth the cost of increased domestic inequality in some countries? Should we prioritize the well-being of some populations over others based on arbitrary factors like nationality or ethnicity?