3 ms·

Yes, I think that's why inequality is getting worse. The system is broken - It's a winner-takes-it-all system. Even though the person who came second place deli

Yes, I think that's why inequality is getting worse. The system is broken - It's a winner-takes-it-all system. Even though the person who came second place delivered as much value (if not more) for society (in terms of innovation), the winner might end up with millions but the second place might get nothing at all. I think society puts too much focus on capturing value and not enough on creating value. Innovation is all about value creation and this is not being rewarded by society. The way things work now is a lottery.

specialist 11y ago
Yes, I think that's why inequality is getting worse. Inequity is the result of math. The rich get richer. Without progressive income redistribution, increasing inequity is inevitable. This is why game shows have bonus rounds, mooting the first 1/2, so that people continue watching. Further, creation of the middle class is a deliberate, explicit policy decision. Not the natural outcome of Freedom Markets (tm). The USA has previously chosen to nurture a middle class on three separate occasions. We're overdue for a 4th restructuring, say by 20 years. Wealth and Democracy: A Political History of the American Rich http://www.amazon.com/Wealth-Democracy-Political-History-American/dp/0767905342 http://www.amazon.com/Wealth-Democracy-Political-History-Ame...