Thanks for the edit. I understand what you mean - but then wealth *is* relative ... | Hacker News

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		lwhi on March 26, 2012 \| parent \| context \| favorite \| on: For the first time ever, the number of poor people... Thanks for the edit. I understand what you mean - but then wealth is relative to your neighbour. In which case I don't understand how everyone in 1800s or today can be wealthy. EDIT: prosperity -> wealth

davidw on March 26, 2012 [–]

You're confusing 'wealth' and 'status'.

Wealth is what you have, in absolute terms. Status is a relative ranking.

lwhi on March 26, 2012 | [–]

then s/prosperity/wealth :)

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