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I don't recall high Gini coefficients being associated with economic stability. The massive reduction in marginal utility from most people focusing only on imme
by vezzy-fnord 11y ago
I don't recall high Gini coefficients being associated with economic stability. The massive reduction in marginal utility from most people focusing only on immediate consumption, coupled with the massive oligopolism and centralization leading to price distortions -- those alone don't imply economic stability to me. An extreme oligopoly would likely imply civil unrest, so all else would suffer.