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This sort of wealth distribution is almost without precedent in the modern economy. It happened before in the 1920s and didn't end well. If you understand "ga
by jbooth 13y ago
This sort of wealth distribution is almost without precedent in the modern economy. It happened before in the 1920s and didn't end well.
If you understand "game theory or sociological models well enough to understand that this sort of wealth distribution makes sense, when you look at data", can you explain it to me? I was under the impression that it's a disturbing trend and would love to be comforted.
- dylangs1030 13y agoA good jumping point would be the "Matthew Effect" - the sociological theory of accumulated advantage. This is usually paraphrased as "the rich get richer and the poor get poorer" in lay parlance but it is a legitimate academic theory in sociology. It illustrates a model of wealth distribution - particularly wealth disparity, and how it's somewhat inevitable despite repeated system "tweaks".