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The wealth concentration is a symptom of a dysfunctional economy based around rent-seeking monopolies. If you address that, the wealth equality comes as a resu
by marginalia_nu 5mo ago
The wealth concentration is a symptom of a dysfunctional economy based around rent-seeking monopolies. If you address that, the wealth equality comes as a result thanks to the non-zero sum nature of the economy, as more people are able to operate businesses in a fair way.
This is almost exactly the situation that resulted during the first gilded age with standard oil. Antitrust legislation works wonders if it has teeth. Currently it does not.
- anon291 5mo agoThe current richest man on the planet makes his money not from economic rent but from first mover advantage in the electric car market, first mover advantage in the private space market, and first mover advantage in the online payments market. What part of this seeks rent? It is exceptionally easy for Americans to fund and start businesses at this point