Cory Doctorow on Nostr: But (Picketty continues), oligarchy is intrinsically destabilizing. For one thing, ...
But (Picketty continues), oligarchy is intrinsically destabilizing. For one thing, once the fortunes of Bill Gates' or Liliane Bettencourt's are large enough, growing them by even, say 1% requires that some capital come from other rich people, because 1% of Bill Gates's holdings will eventually exceed 100% of the holdings of everyone who isn't insanely right. So, over time, rich people eventually have to fight with each other in order to keep getting richer - see, e.g., WWI.
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Published at
2025-02-18 17:39:00Event JSON
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