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> Wealth inequality arises from capital concentration No. Wealth inequality is capital concentration. What you're saying is that rain causes rain. In actuality
by billytetrud 5y ago
> Wealth inequality arises from capital concentration
No. Wealth inequality is capital concentration. What you're saying is that rain causes rain. In actuality what causes wealth inequality is corruption. The financial sector has been extracting wealth from the people since the 70s. That's what causes wealth inequality.
- anikan_vader 5y ago> What you're saying is that rain causes rain. It's a little ironic to use that as an example, because rain actually does cause rain. Falling water droplets induce a down draft which causes other water droplets to fall out of the sky as well. This is why water precipitates rather suddenly rather than as a constant gradual drip.
- billytetrud 5y agoWell, that's interesting to know. I still wouldn't say rain causes rain. Rain may be self-reinforcing, but there is generally some other far more significant catalyst. Regardless, I hope you got my point.
- gtyras2mrs 5y agoI would say wealth inequality is comparable to rain in that regard, as it seems to be reinforcing itself. Wealth inequality leads to more wealth inequality as the rich are able to highly leverage their wealth to get richer? > In actuality what causes wealth inequality is corruption. wealth inequality -> corruption -> more wealth inequality and so on. I can't really say what is the root cause - but corruption IMO is a function of wealth inequality in action. Rich and powerful exerting influence to get more wealth and power.