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> The social dynamics indicate that too much imbalance in wealth leads to societal instability. In the realm of economic theory it might not matter that there i
by actually_a_dog 5y ago
> The social dynamics indicate that too much imbalance in wealth leads to societal instability. In the realm of economic theory it might not matter that there is great inequality but in the realm of politics and societal mechanics it is definitely something to pay attention to.
You seem to have missed that what ties your first and second sentences together is that, above a certain level, wealth, by itself, brings political power. So, effectively, we end up with a system that's closer to $1 = 1 vote rather than 1 human = 1 vote. Understandably, the humans who only get 1 vote, while others get 1 billion votes, tend to get upset about this.
- syki 5y agoI didn’t miss this; I didn’t state the connection with power. The real imbalance of concern is actually not “wealth” or “money” but power. However, money is a useful proxy for power in the U.S. (and most other countries too)