What is Occupy Wallstreet?

[Jester]

Do you think just because Henry Ford figured out the assembly line, making it easier to produce cars quicker suddenly made everyone in early 20th century America richer all the sudden because the price on Ford autos fell because manufacturing them was cheaper?

Yes. Henry Ford made 20th Century America substantially richer by reducing the cost of cars. People who wanted cars, but could not afford them, could now purchase them - which is wealth. People who used to purchase cars at an expensive price, then purchased them at a cheap price, freeing up resources to be spent elsewhere - they became wealthier.

This is the single most elementary concept in economic growth. I do not see how this is even slightly contentious.

This is the point of my contention. Accessibility =/= richer society.

We agree entirely on the point of contention: whether lower prices for goods mean that society is richer, or not.

You have yet to provide anything resembling a counterargument. You are repeating your (incorrect) claim, with a question mark at the end, and when I say exactly what I've said before, you rinse and repeat. Lower prices means more purchasing power - which is the very definition of wealth.

-Jester

Afterthought: Do you have an answer to my question about the case of the poorly-paid Asian worker and their cell phone? It might be instructive.