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Wealth is obviously not a zero sum game. And of course the comforts of even the poorest have increased over the past half century. But don't discount out of ha
by Pfhreak 6y ago
Wealth is obviously not a zero sum game. And of course the comforts of even the poorest have increased over the past half century.
But don't discount out of hand the concern that the relative distribution is a problem. Money, and especially money that is capital, almost algorithmically and naturally captures more money.
The trend line then becomes one where more and more wealth is concentrated at the top, even if the total amount of wealth increases.
Wealth, at some level, is the ability to direct labor. As wealth becomes more concentrated, you have fewer people organizing the world's labor power. It becomes harder for the poorest to engage in self determination.