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.
This quote from Horrible Bosses 2 always stood out to me.
Wealth is not the same as power. Wealth is owning money. Power is owning souls.
House of Cards… Paraphrasing Frank.
But one seems to always grant the other. You don’t get just the power, or just the money.