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Comment by ineedaj0b | Hacker News Reader

those articles were written a plenty about the Davos Elite - even precovid. It’s a tad lazy now.

Sure there was some evidence of wealth concentration mattering. But there was also evidence against it (like Jack Ma). Power is still the ring to kiss.

And hopefully it’s very understood to the parent comment and agreers, wealth creation is not zero sum. When something new is created the pie gets bigger. All wealth inequality discourse is driven by that misunderstanding and a lack of building more homes https://www.sciencedirect.com/science/article/pii/S001429212...

Maybe your brick wall is the singularity instead and I misread you but I don’t think so.

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> wealth creation is not zero sum.

Entirely not the point. We know that monopolies and wealth _concentration_ reinforce each other, at the cost of wealth creation.

Every time a monopoly buys a company, a chance of competition gets eliminated. As monopolist have enough money to buy the government by regulatory capture or even state capture, competition cannot grow, stifling innovation and growth. Parasitism is the most apt way to understand, because the host will wither away from it.

I agree we should be busting more monopolies in the vein of Teddy Roosevelt, but you are forgetting the monopolies and capture political parties have on the states themselves.

I know its a hot issue and I apologize, but if you look at Minnesota with its likely fraud: would their social welfare program numbers look better without the fraud? Could California be run better without its (also likely) welfare fraud? You might really want this but the leadership doesn't want to root it out. So you're left with voting for the opposition but how many want to do that? Nothing happens.

There's no competition in politics. It's two parties or nothing right now.

There's Californian billionaires who loudly hate the Government but can't get anything to change. I feel you are overestimating wealth's influence too some degree as well.

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