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Free social tools are concentrating wealth in the hands of a few programmers and investors.
Baby boomers, he says, are "concentrating wealth in their own hands", primarily through housing.
History suggests that concentrating wealth and income in a small group of privileged people is bad for economic growth.
This travesty follows decades of ill-conceived policies and court decisions concentrating wealth and power in the hands of the few at the expense of the many.
But isn't the gig economy just another way of driving down costs and concentrating wealth in the hands of the platform providers?
A truly progressive jurisprudence would go further in its legal reasoning, acknowledging that the for-profit corporation, man's most-advanced technology for making and concentrating wealth, creates unique risks for the structure of democratic government.
Similar(29)
Both capitalist democracies and dictatorships use political means to concentrate wealth, power and privilege.
The U.S. economy began to concentrate wealth in big cities and along the coasts.
(It's human — and American — nature to want to concentrate wealth in as few hands as possible).
These steps would reduce distortions that inflate housing prices and concentrate wealth in what are already wealthy places.
On the corporate financial side, bank-lending inflates asset prices, which concentrates wealth in the hands of the wealthy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com