GEN
Published in

GEN

Photo by on

Would an Efficient Economy Create Billionaires?

I’ve been running the numbers. It doesn’t look good.

Scratch a conservative and they will tell you that capitalism is the best system for allocating scarce resources. I’m not sure about that. How about capital? I’m not so sure about that, either. We don’t have very many useful metrics for understanding wealth. We’re not in the habit of using them…

--

--

--

What matters now. A publication from Medium about politics, power, and culture.

Recommended from Medium

American Capitalism Is Built For Debt

Indian Banking is Going Retail in a Big Way. And That Makes Sense

THE COMING DEBT CRISIS

Washington D.C. Aims to Improve Underserved Neighborhoods Through Better Land Management

Green Securitisation: unlocking finance for small-scale low carbon projects

Redesigning Work Benefits To Support Lower Classes

When houses earn more than jobs: how we lost control of Australian house prices and how to get it…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ScottCDunn

ScottCDunn

Husband, father, worker, philosopher, and observer. Plumbing the depths of consciousness to find the spring of happiness. Write on.

More from Medium

Everything You Hear About Inflation is Bullsh*t

How To Apply The Concealed Wisdom of Equitable Holdings’ Investment Strategy

Year of the Tiger

The Father Of Capitalism Was Not A Capitalist