💾 Archived View for idiomdrottning.org › owner-class captured on 2023-05-24 at 17:44:56. Gemini links have been rewritten to link to archived content
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I sometimes mention the owner class on here and I just wanna be super specific that it’s not a specific smokey-room secret society group of people, nor a specific ethnicity.
Market capitialism has flaws, and one of those bugs causes wealth concentration. Turns out it distributed resources along a power law distribution:
An XY plot with more wealth at one end and gradually thinning out to the other.
This means that 13% of the people have 87% of the stuff. (Pareto wasn't too far off.)
And then among the 87% remaining people, it’s once again true that 13% of the people have 87% of the stuff, and so on—the owner class is you and me, at one point, compared to the global poor.
And among the 13% richest peeople, there, too, 13% of the people have 87% of the stuff.
Market capitalism had one job—organize tasks and resources—and it failed utterly.
