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Exactly. If you ask anyone on the street, "is it easier for a fast food worker or a business-owning millionaire to make their next million dollars?", common sen
by pphysch 2mo ago
Exactly. If you ask anyone on the street, "is it easier for a fast food worker or a business-owning millionaire to make their next million dollars?", common sense will prevail.
Money begets money (and power). It doesn't require an economics degree to understand this positive feedback loop.
- fragmede 2mo agoWouldn't that be more of a negative feedback loop? My signals and systems class was a long time ago, but a system that throttles to extremes is negative, not positive feedback.
- pphysch 2mo agoNope, negative feedback is dampening and stabilizing. Antitrust enforcement represents a healthy negative feedback for the natural runaway concentration of wealth and power.