Similarly, private mkt investors get insane outcomes while retail investors end up buying at peak prices and less information.
I'm not saying what DD did was unfair or unethical. We're just moving quickly to a very unequal society and this is a small ex of how that's happening
2 more questions:
1. How is this a "problem"? 2. How would you go about solving it?
2. Australia has minimized this problem pretty well by having a pretty unregulated economy but a robust safety net.
Thank you.
"[a] Stanford professor posits that throughout history, economic inequality has only been rectified by one of the 'Four Horsemen of Leveling': warfare, revolution, state collapse and plague."[1]
You can hang on to imaginative phrases like "inequality of opportunity" or an economy that reliably delivers food. I think most people are going to go with the second option.
[1] https://www.economist.com/open-future/2018/09/10/can-inequal...