> England went on to be far wealthier and provide far more opportunities to its people after the industrial revolution
To compare this to the Industrial Revolution is just wrong. Period. Just as comparing today to the Gilded Age is wrong. Those were period of massive productivity growth (and also wage growth) despite being periods of high inequality.
On the contrary, we are in an age of tiny productivity growth and almost no wage growth. We have been through a decade with basically zero interest rates (or negative interest rates in parts of the world). To say, we've been through this before and we are all going to be better off for it, is just not true.
To compare this to the Industrial Revolution is just wrong. Period. Just as comparing today to the Gilded Age is wrong. Those were period of massive productivity growth (and also wage growth) despite being periods of high inequality.
On the contrary, we are in an age of tiny productivity growth and almost no wage growth. We have been through a decade with basically zero interest rates (or negative interest rates in parts of the world). To say, we've been through this before and we are all going to be better off for it, is just not true.