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A comment on Wealth of millionaires surges 10.6% to top $70 trillion for the first time. Parent comment

Re:Wealth of millionaires surges 10.6% to top $70 trillion f... by lovich on Tuesday June 19, 2018 @03:56PM (#17349818)
The Marxist brigade? Even a pro capitalist should be against increasing wealth inequality.

A healthy market has plenty of competition and competition reduces profits. If the vast majority of wealth gets concentrated into relatively few people then that indicates a lack of competition and leads to inefficiencies.

Every billionaire or mega corp is a market failure

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Re:Wealth of millionaires surges 10.6% to top $70 trillion f... by s2g on Tuesday June 19, 2018 @05:49PM (#17350548)
The "market" inevitably leads to conglomeration and monopolization.

It's the natural state for the bigger entities to devour the smaller weaker ones and grow.

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Re:Wealth of millionaires surges 10.6% to top $70 trillion f... by lovich on Tuesday June 19, 2018 @09:21PM (#17351672)
That's the reality of an in perfect market, but it's not something that anyone other than the owners of the large companies want
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