Progress is defined as the social advancement of a marginalized populace into the mainstream. When the marginalized populace is comprised of many millions of individuals, social progress and economic progress are mutually reinforcing dynamics: opportunities for social advancement in the mainstream created economic opportunities, and vice versa. For variety of reasons social progress has been effectively decoupled from economic progress. Woeful lack of economic progress for the bottom 90% proves financial progress is now limited to an elite comprised of oligarchs, technocrats and entrepreneurs. Everyone else has been losing ground in wages, wealth and opportunity. The movement for the vast majority is now backward, not forward.
This self-serving elite is desperate to cloak the potentially explosive reality that the relative few are benefiting immensely at the expense of the many. If we measure progress solely by participation in and ownership of the most productive parts of the current mode of production, a much different snapshot emerges: economic stagnation is not progress.