“How to Avoid Swallowing War Propaganda” by Nathan J. Robinson is an extraordinarily important article. I cannot recommend it too highly. Read it now!
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...