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A comment on Economic Inequality. Parent comment

Re:Economic Inequality by stale2002 on Saturday January 02, 2016 @02:37PM (#10827535)
So you are arguing in favor of exactly the "straw man" that PG is arguing against?

Thats totally fine. There are a lot of reasonable arguments for that (as you have just demonstrated!).

But my point is that PG is not arguing against an imaginary viewpoint. You believe it right here.

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Re:Economic Inequality by nickbauman on Saturday January 02, 2016 @02:47PM (#10827577)
I'm only saying there are consequences for concentration of relative wealth that even market fundamentalists (such as libertarians) argue against. I am not one of those.

My position is complicated. I find the best explanations of market failure come from a greater financialization of the economy as a whole. Which is to say, in this increasingly programmable world we live in, there are greater and greater opportunities for gaming the system. Even startups inevitably head in this direction. Financialization is an economic gravity-well.

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