/lit/ - Literature

>>21025646
Almost no one these days actually addresses the fact that the Pareto Law takes over every free market. The more capital you have, the higher return you get, which means large holders of capital have run away growth while those with less capital struggle to accumulate any. For me, this is THE central economic problem. Marx's best observations were basically stolen from Adam Smith (wages tend to fall to bare subsistence, business owners deceive and oppress the public, monopoly is the goal of business so they can artificially raise profit margins, etc). The meaningful left is those who advocate for ways to offset this tyranny of the market, the traditional means being strong union support and strong laws which ensure profits are taxed and turned back to the benefit of the citizenry as a whole.

>>20908640
>>20908589
>>20908307
See
>>20907278
and also pic related

Pareto distribution. Absolutely every metric in society becomes massively concentrated (80/20 rule, but it can become even more concentrated). If you own large amount of capital, it's way easier to obtain more capital, but if you own zero capital, it's very difficult to begin to accumulate any. Society either implements mechanisms to correct for this, or it descend into rioting and revolt. Take a guess where we are heading today.