AdiDec 22, 2022
Dare Obasanjo

A great visualization that argues that as long as you have commerce, rich people are inevitable.

People who sell things for profit, have more money to engage in higher risk, higher reward activities. Even if we all start with same money, some will inevitably get rich.

This is a feature of commerce not capitalism. It’s why rich merchants have existed longer than capitalism has.

https://pudding.cool/2022/12/yard-sale/

Why the super rich are inevitable

Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.

The Pudding
Dec 22, 2022 at 2:05pmWeb
Show threadPantaDec 22, 2022

@carnage4life

Very cool article. TIL about that site, looks super cool.

Show threadBill SeitzDec 22, 2022
@carnage4life inequality is inevitable, the width of that curve can be adjusted via taxes, etc.
Show threadBill SeitzDec 22, 2022
@carnage4life http://webseitz.fluxent.com/wiki/WealthInequality
Wealth Inequality

Wealth Inequality

WebSeitz
Show threadStuart MarshallDec 23, 2022
@carnage4life
Interesting model. But omits production and consumption. and assumes zero sum.
I'd be cautious of saying it explains much about our society.
Show threadOlm-eDec 23, 2022

@carnage4life as capitalism is the ideology that says commerce should rules it's own way and all will be fine.

So this visualization shows that obviously you can't let "the hand of the market" alone and the "trickle down economy" is BS ...

So it shows redistribution mechanism have to be put in place to have a stable and livable society in which the economy is a tool, not the master.