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"This whole hoarding episode just tells us once again that any society that lets wealth concentrate at the top is making a very foolish move economically," Pizzigati added.
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The wealth concentrated at the top should be twice as large, he said.
The South remained largely agricultural, its wealth concentrated in land and slaves.
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"What happens in this kind of economy is that wealth concentrates where power is," said Mr. Yang, the journalist.
With so many jobs lost to automation, and more wealth concentrated in fewer hands, that prospect was slipping farther away.
Thomas Piketty's ground-breaking book Capital in the 21st Century looks at how wealth concentrates when the returns on capital are higher than economic growth.
A yawning income gap seemed to show a city that has become stratified with wealth concentrated in a small percentage of the population.
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Bankruptcies increase, wealth concentrates in fewer hands, and pressure grows to financialise assets, liquidate natural wealth, cut social services and essentially direct all resources toward the servicing of debt.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com