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Because wealth is used to capture political power, which in turn is used to help the wealthy hoard even more wealth and retain that wealth. Furthermore, this o
by enraged_camel 5y ago
Because wealth is used to capture political power, which in turn is used to help the wealthy hoard even more wealth and retain that wealth.
Furthermore, this often is done at the expense of everyone else. Wealth may not be zero-sum, but that is only true in the abstract sense; I wouldn't be surprised if we found out that most people who are at the topmost quintile acquired their wealth by sucking value out of the system (e.g. rent-seekers, parasitic middlemen, etc.), rather than via value generation.
- DarylZero 5y agoThe way you get to the top is to be a lackey of the extractive mega-elites. I.e., you help enable the parasites, and they give you a cut.