You Should Know@lemmy.worldEnglish · 2 months ago

YSK: Extreme wealth inequality is baked in to the system

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cross-posted to:
socialism@lemmy.ml

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YSK: Extreme wealth inequality is baked in to the system

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You Should Know@lemmy.worldEnglish · 2 months ago

cross-posted to:
socialism@lemmy.ml

Why the super rich are inevitable

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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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2 months ago
Make choices that support the alternative economy. Find a CSA, use a credit union, use the library, support local businesses. Better yet, put money into things like the Cooperative Fund of the Northeast https://cooperativefund.org/

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