Mar 7 2013: There's no capitalism where the income distribution of people is not Pareto-like because there's always been SUCCESS LAW or SUCCESS PRINCIPLE or kind of like that.
It's not a problem whether they are right/wrong, better/worse, or even statistically valid or not.
The problem is THE ASYMMETRICITY OF THE DISTRIBUTION OF THE LAW/PRINCIPLE etc.
INFORMTION ASYMMETRICITY leads to a situation, that is, some people believe it or even put in practice while the others don't.
There probably be several reason for the wealth inequality, but I think this is the most crucial reason.
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A comment on Conversation: Is capitalism sustainable?
It's not a problem whether they are right/wrong, better/worse, or even statistically valid or not.
The problem is THE ASYMMETRICITY OF THE DISTRIBUTION OF THE LAW/PRINCIPLE etc.
INFORMTION ASYMMETRICITY leads to a situation, that is, some people believe it or even put in practice while the others don't.
There probably be several reason for the wealth inequality, but I think this is the most crucial reason.