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

Promising long-term outlook for Middle East oil producers

Should OPEC extend cuts to balance oil markets ?

Is a Universal Basic Income the Solution to Inequality?

Gold’s Natural Monetary Properties

Legendary Investor Bill Ackman Who Made 10,000% Return In A Month At The Beginning Of The Pandemic…

On Corporate Tax Cuts The Lies Have It — But Not for Long

Why the 2020 Payroll Tax Deferral just doesn’t work for staffing companies.

ANALYSIS: Tariffs Threaten U.S. Dairy's Momentum in China

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

Collapse is Inevitable

Capitalism Is Preventing Us From Saving Ourselves

Are the Poor to Blame for Their Poverty?