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View Diary: Wealth Condensation: Why the Rich Get Richer (172 comments)

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  •  Excessive wealth inequality suppresses trade (3+ / 0-)
    Recommended by:
    drewfromct, swellsman, Calamity Jean

    In conditions of extreme wealth inequality,  trade will decrease. The wealthy don't buy much because they are few in number and quickly acquire everything they need, and don't sell much because they don't need the money. The poor don't have anything to sell, and don't buy because they don't have the money.

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