The "law" of wealth concentration

Michael Perelman michael at
Wed Aug 16 14:17:38 PDT 2000

Yes, and that certain Italian became a Fascist senator in Italy.

Max Sawicky wrote:

> 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 . . .
> mbs

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at

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