2 ms·
I think this happens because of technological development creating and enhancing positive feedback loops due to specialization and economy of scale. Can we hav
by gtt 8y ago
I think this happens because of technological development creating and enhancing positive feedback loops due to specialization and economy of scale. Can we have similar levels of technological development without such super concentration of wealth?
- cazum 8y agoTechnology doesn't even need to factor into it. Wealth creates wealth, regardless of the available gadgets. We are now at a stage where the wealthy have used their wealth to accumulate more and more wealth. And as we speak, they are using that wealth to get more and more and more. That's the feedback loop.