3 ms·
Money is a proxy for rights to resources. If rights to resources are not widely distributed, there are power imbalances that are no different than royalty. The
by ericjmorey 2y ago
Money is a proxy for rights to resources. If rights to resources are not widely distributed, there are power imbalances that are no different than royalty. The majority of humans have rejected royalty in all but a ceremonial role in recent history.