Wednesday, October 26, 2011

Quick Question

OK, I get the point. Capitalism is freedom, socialism is government, and the free market should determine everything, because the free market is inherently all wise. So it turns out that during the past several decades wealth has been concentrating, steadily, to the current extent that the top one percent own more than the bottom 20%, or something like that. And because it is the free market, that is the way it should be.

Quick question: To what extent will the wealth ultimately concentrate? Will the trend ever stop, or even reverse a bit? And if the concentration of wealth continues, will the top 1% eventually own 99% of the wealth? And if that eventuates, will that be beneficial to the world? Will it be beneficial to the wealthy?

No comments:

Post a Comment