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I think it's inherent in the way markets work, or more specifically, how people operate in a mostly free market. On the one hand, the market remains this way w
by lastofus 10y ago
I think it's inherent in the way markets work, or more specifically, how people operate in a mostly free market.
On the one hand, the market remains this way where people with money are more easily able to make large sums of money through investment, by making their money do the work. The system in this sense is self-perpetuating, but strictly speaking, doesn't have to be this way.
On the other hand, as a thought experiment, imagine a magic wand was waved and all capital and resources were evenly distributed across the national or even global population. The world would still be left with an inequality of people's ability to earn each others money. Those with good health, savvy business sense, in-demand skills, and knowledge of production would quickly start down the path of quickly earning, while others are left only spending. I don't think it would take very long to end up right back where we are today.