that's kind of how it was. there were no earnings from investments when there was no investment; when everybody was working it was workers who took all of the gains because there was nobody else involved.
I agree with you, that the 20th century was better than the 19th and the 19th was better than the 18th. Thus I disagree with PythonicAlpha, who said
> In all industry, the trend goes one way: The wages of working people (including white-collar, I hope, that is the right word) have to go down, and the earnings from investments (pure money makes money business) have to climb."
I guess my argument by contradiction relied too much on the context higher up in the thread.
If that was true, wouldn't we have had to have a mythical past of zero earnings from investments and 100% of revenue going to labour?