Why the super rich are inevitable

Ever heard of the Yard Sale Model? It describes the fact that, in our economic system, there will always be many poor people and very few super-rich. The essay Why the super rich are inevitable by The Pudding lays this out clearly and explains why. The text was automatically translated from German into English. The German quotations were also translated in sense.

December 29, 2022 · 1 min · 62 words