weaselx86 ,
@weaselx86@mastodon.social avatar

@vaurora
@Npars01

Wealth concentration is an inherent property of a capitalistic system.

The wealthier participant in a transaction has an inherent advantage in risk-tolerance and greater ability to hold out for a better deal. This leads to a positive feedback loop of wealth accumulation and concentration.

To make capitalism sustainable requires coupling it with sufficient downward wealth redistribution. Progressive taxation and UBI are the most obvious approaches.

https://www.scientificamerican.com/article/is-inequality-inevitable/

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