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Interesting. How does this interact with the idea of trickle-down economics?
by RangerScience 9y ago
Interesting. How does this interact with the idea of trickle-down economics?
- gonvaled 9y agoTrickle down is a completely uninteresting tautology: money is used by the wealthy, so it "trickles down". The more interesting question is if, while tricling down, people improve their life quality. Far from true.
- RangerScience 9y agoOh I agree! But the idea of wealth concentration that then tapers out as a function of distance from the city center bears at least a superficial resemblance. Perhaps why one works and the other doesn't is that personal wealth accumulation IS like water: it'll get stuck in local maxima, etc - whereas city wealth accumulation is more like sand; as it piles on top you get landslides that distribute.