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The subtitle of the article is "Wealth naturally trickles up in free-market economies, model suggests." "Free-market economies" might not mean exactly the same
by baddox 7y ago
The subtitle of the article is "Wealth naturally trickles up in free-market economies, model suggests." "Free-market economies" might not mean exactly the same thing as "capitalism," but it's pretty close, and it's pretty clear that the article is discussing the current world as it is.
- jtolmar 7y agoThis is a very good place to pay attention to the difference between free markets and capitalism though. Compound interest scales exponentially because people can buy stock that gives them a stake in a company's profits in perpetuity, or rental properties that do the same. It's possible to imagine making it illegal to own private property (illegal to own things that are primarily for other people to use), while still having a market system for what's still allowed to be bought and sold (personal property).
- baddox 7y agoYes, there’s an interesting conversation to be had there, but it’s pretty clear that the article is not concerned with that discussion and is instead talking about the outcomes of our current economic systems.