We must face a harsh reality: "Hard work" is no longer a lever for getting rich, and it may no longer guarantee survival.

In the past decade, the core logic of the world has been singular: the rate of asset price inflation far exceeds the rate of productivity improvement. As long as the printing press is running, those close to the money (asset holders) can risk-free plunder the purchasing power of those far from the money (workers).

The so-called middle-class anxiety essentially is: you think you're climbing upward through hard work, but the elevator (currency devaluation) beneath your feet is falling faster.

The world is splitting into two species: those who own assets and enjoy compound interest, and those who sell their time and bear inflation.

Is your moat your skills, or your assets?

#贫富差距 #Inflation #资产泡沫 #Social Truth