| ▲ | psadauskas 5 hours ago | |
> Higher concentration of wealth is not new, it's happened many times and dissipated many times. That's a very clinical way to put it. Usually when its "dissipated", its through war or economic depression or both, and a great many people who never had any wealth suffer needlessly, while the wealthy rarely do. It would be nice if we could like, _not_ do that, and try something different for once, instead of throwing up our hands and saying "well that's just how its always been!" | ||
| ▲ | lanfeust6 2 hours ago | parent [-] | |
You're forgetting anti-trust. Standard Oil controlled 90% of the oil production in the U.S. until it was splintered into numerous companies. We're not really at the point where this needs to be done for tech. Also, dynastic wealth itself doesn't sustain itself well, and dwindles in a generation. See: the aforementioned Rockefeller, whose grandchildren are nowhere near as rich. Notwithstanding that many of the wealthy (in particular, Bill Gates) are donating the majority of their wealth when they die. | ||