>It provides a concrete, plausible mechanism for a Piketty-type dystopia, in which the natural tendency of financial markets is to make inequality explode. Now

>It provides a concrete, plausible mechanism for a Piketty-type dystopia, in which the natural tendency of financial markets is to make inequality explode. Now I'm pretty libertarian by leaning, but things like this make me very concerned about completely "free market" economics. Economic systems exist to serve people and the society we want to build. If free market capitalism can be shown to systematically lead to increasing inequality by their very nature, then we've got some hard questions to ask ourselves as a society.