3 ms·
> Unregulated capitalism always trends towards concentration of wealth/power. Even pretty basic economic models which start in a fair state with unbiased rules
by Terr_ 4mo ago
> Unregulated capitalism always trends towards concentration of wealth/power.
Even pretty basic economic models which start in a fair state with unbiased rules can easily converge on gross inequality.
The article seems to be subscribe-walled now, but IIRC it's a good one:
http://www.scientificamerican.com/article/is-inequality-inevitable/ http://www.scientificamerican.com/article/is-inequality-inev...