You Should Know@lemmy.worldEnglish · 18 hours ago

YSK: Extreme wealth inequality is baked in to the system

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YSK: Extreme wealth inequality is baked in to the system

pudding.cool

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You Should Know@lemmy.worldEnglish · 18 hours ago

Why the super rich are inevitable

pudding.cool

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

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.

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7 hours ago
Well yes, but have you tried just throwing the board across the room when that one person gets massively ahead and you land on Pacific avenue with a hotel on it?

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