The "law" of wealth concentration

Max Sawicky sawicky at
Wed Aug 16 12:34:45 PDT 2000

Now I see why socialism doesn't work: It violates the laws of physics -- or so claims an article in New Scientist this week.

Here's the article's abstract: "Every country in the world has a few rich people and then a long tail of poorer and poorer people. In fact, not only does a filthy-rich minority always hog most of the wealth, but the mathematical form of the distribution is the same everywhere. . . .

Somebody documented this a hundred years ago. Forget who. My memory says Italian . . .


More information about the lbo-talk mailing list