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Precisely. It seems it was more motivated by jealousy than any realistic possibility of changing anything. Instead of attempting to attack a symptom of the gro

by jstalin 13y ago

Precisely. It seems it was more motivated by jealousy than any realistic possibility of changing anything. Instead of attempting to attack a symptom of the growing gap between super rich and the rest of us, they should be looking at underlying causes. Hint: regulatory capture and central banking.

rayiner 13y ago
It's utterly unsubstantiated handwaving to assume that income disparity results from regulatory capture or central banking. The basic mechanics of capitalist societies result in winner take all systems in which having more money makes it easier to earn money. Divergence is mathematically assured.
- jstalin 13y ago
  I like your hand waiving to dismiss hand waving.
- vdaniuk 13y ago
  You really can't claim that anything is mathematically assured without providing formal proofs. Care to share them?
  - tptacek 13y ago
    It's intuitively obvious. Capital earns returns, generates more capital. If you think of it as a distributed systems problem, it's obvious how it converges.
    - vdaniuk 13y ago
      Right. I don't believe in using intuition to reason about complex social systems.
nilved 13y ago
Jealousy? Yes, that must be it. The ridiculous and exaggerated money worship and pro-capitalist sentiment on this site is perhaps its worst quality. Is there any alternative for awesome technical news without the terrible startup news?