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.
Yard-Sale model also explains the Network Effect: People will flock to where the masses are because they will have a higher access to interact with folks than in isolated networks. Thus silos will eventually emerge: See Meta+Discord, etc…