Extreme concentration of wealth and elite failure are related the way extreme totalitarianism and fragility go hand-in-hand. The wealth/power bubble means that nobody left around them but sycophants. Nobody to point out their “brilliant” ideas don’t pass high school physics.https://twitter.com/lorengrush/status/1126582358713483264 …
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It has been a massive failure of economists and politicians to communicate that severe inequality causes an extreme misallocation of resources. This is likely because they are too busy jockeying for positions on the elite cheerleading squad.
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