The challenge I see with this viewpoint is that it is locked in to only what we know yet misses a lot of what took place without us noticing.

For example, in the US, even many homeless people have a smart phone. Decades ago, this was only for the affluent. Yet here is something that most everyone has and uses regardless of income or wealth status.

So while they are still poor, they have the same access as everyone else.

If this extended beyond to food and other necessities, would it change the economic system at all? Obviously smart phones did not.

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