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114 - Our 1000-Year Struggle Over Technology and Prosperity with Simon Johnson

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CHAPTER

The Status Quo of the Industrial Revolution

There is nothing automatic about technology change feeding through into higher wages or better living standards for most people. Of course, there's going to be an important set of people who are already powerful in the pre-existing society and they may try to impose their will on others. So it feels like maybe there's some status quo or some sort of bias when you look at the history but it's actually anything.

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