The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.
The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.
Absolutely, and the headline here is
n’t(e: whoops) that extreme wealth inequality is not the result of human nature, greed, or anything. It’s actually an emergent mathematical property of the system itself. It’s unavoidable, even if everybody acts honorably. Proof by physicists that capitalism is wack.