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What is the top 1 percent's share of the world's consumption? Wouldn't this be a more useful metric than looking at wealth or income distribution? Consider the
by jhh 11y ago
What is the top 1 percent's share of the world's consumption? Wouldn't this be a more useful metric than looking at wealth or income distribution?
Consider the following scenario: In a (conventional) socialist society the state controls an overwhelming majority of wealth. However, this would be justified by a (hypothetical) proponent of socialism by referring to consumption products being provided by this capital. Therefore, it seems the same measure should be taken with regards to market economies.