> We did a bad job of distributing the wealth generated by that.
I'm not sure what you mean here. Do you mean that those that profited did not reinvest in stocks that may have helped companies grow and provide jobs? Or, that the government did not tax enough to pay its own staff and overhead and then redistribute via programs that do not necessarily target the areas that really need it? Or that they should have given that money to churches and other charities to distribute?
The reason I ask is that there are few pure redistribution models. The closest are some churches and charities, but they typically still have some overhead deducted. The next best can be stock investment, as, depending on the companies, that money is in large part repaid in the form of raises or new jobs. The least efficient is ofter government, because accountability is limited to the % wasted in the process of providing services, unlike capitalism where competition provides accountability; if you do poorly, you don't survive, unless a government bails you out.
> What happened to agricultural commodities in the 1920s is happening to nearly all human labor now. And that's pretty terrifying.
Could you expand on that and provide some references?
