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The author explains, using fancy math concepts, that if investments in Capitalism were like independent rounds of betting on what you have, capital would still
by einpoklum 6y ago
The author explains, using fancy math concepts, that if investments in Capitalism were like independent rounds of betting on what you have, capital would still tend to accumulate with few people rather than be distributed evenly.
However, if you detach yourself from a distraction you would note that capitalist economies are not like independent bets at all, and much of the accumulation is due to confiscation, occupation, sabotage, undercutting to drive competitors out, propaganda (advertising), etc. - directly or by manipulating the government.