Comment

Comment by nicoburns

Disproportionately large incomes also cause significant problems to capitalist societies, because our market system is predicated on the idea that we indicate our preferences by spending our money on the things we want. That system breaks down when a significant proportion of the wealth is controlled by only a few people, leading to many of the same problems you get in planned economies that have a similar concentration of power.
parent nicoburns 6 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton