Re:Wealth doesn't trickle down – it just floods offshore, re...
by JDiculous on Sunday April 10, 2016 @01:08PM
(#11467079)
> Capitalism trends towards greatest total utility (in the economics sense).
No it doesn't. Having the majority of wealth concentrated in a few people who have way more than they'll ever need, many of that wealth being unearned (eg. rent seeking, inheritences), does not maximize total utility.
No it doesn't. Having the majority of wealth concentrated in a few people who have way more than they'll ever need, many of that wealth being unearned (eg. rent seeking, inheritences), does not maximize total utility.