I sometimes mention the owner class on here and I just wanna be super specific that it’s not a specific smokey-room secret society group of people, nor a specific ethnicity.
Market capitialism has flaws, and one of those bugs causes wealth concentration. Turns out it distributed resources along a power law distribution:
This means that 13% of the people have 87% of the stuff. (Pareto wasn’t too far off.)
And then among the 87% remaining people, it’s once again true that 13% of the people have 87% of the stuff, and so on—the owner class is you and me, at one point, compared to the global poor.
And among the 13% richest peeople, there, too, 13% of the people have 87% of the stuff.
Market capitalism had one job—organize tasks and resources—and it failed utterly.