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Not disagreeing. But the proximal reason for this is political. Inequality is not intrinsic to capital markets. Capital markets are merely not a solution for in
by alpineidyll3 6y ago
Not disagreeing. But the proximal reason for this is political. Inequality is not intrinsic to capital markets. Capital markets are merely not a solution for inequality, and require some modicum of intelligent regulation to function properly.
Instead the Us is rife with regulatory capture, unenforced antitrust laws, etc.
If the democracy were representative, and the public informed, things would be better.