Yes, very true, but from what I’ve seen, the wealth/income distribution in the U.S. doesn’t look very different from this global one.
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Yup, the US mirrors the rest of the world in wealth distribution. All wealth structures pull wealth from the periphery towards the center. Which is way we get a pyramid structure with wealth concentrated at the top and “wealth conveyors” pulling wealth towards the center. Debt markets are a good example of “wealth conveyors” . The US is the center of the global economic structure, so it gets wealth conveyed to it in the form of resource extraction via globalization and sophisticated forms financialization.
Now is about the time in history when these wealth conveyors start to break down. As time goes on, we should see an increased number of failed states globally and underclass internally. As the periphery gets stripped of all it’s wealth, the elite will move further up the pyramid via public policy to maintain their privileged positions and levels of wealth extraction as well as increased fighting over resource deposits on a global scale.
I like to imagine we are better than this, but I am probably delusional in that respect.
