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> Under capitalism wealth and power always concentrates Not always. The share of wealth owned by the top 10% in the USA fell between 1932 and 1952, and again b
by zerebubuth 9y ago
> Under capitalism wealth and power always concentrates
Not always. The share of wealth owned by the top 10% in the USA fell between 1932 and 1952, and again between 1962 and 1985 [1].
[1] http://gabriel-zucman.eu/files/SaezZucman2014.pdf#page56 http://gabriel-zucman.eu/files/SaezZucman2014.pdf#page56
- thecombjelly 9y agoYes, it fluctuates depending on numerous factors, including how unhappy those without capital get about the unequal distribution of capital. You see this when monopolies start getting broken up and some wealth gets passed back down. But inevitably the capital gets concentrated again because that's how capitalism works. And even when some of the wealth gets passed back down the people in power generally stay in power.