The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.
Another simulation… that’s mainstream in american society… Landlords Game – IE what’s now Monopoly. By definition everyone starts with the same amount of money, and it ends with one person massively ahead and everyone else going bankrupt.
Well yes, but have you tried just throwing the board across the room when that one person gets massively ahead and you land on Pacific avenue with a hotel on it?
It’s even more realistic when the banker is stealing money!
True, but the point of the simulations is basically debunking the idea that even when capitalism “works”. IE the hypothetical perfect scenereo where everyone starts off with the same, has the same chances of getting good and bad opprotunities, that the the fairness systematically fades out of the system the longer the game runs.
I recall an economics class once where they started out playing monopoly, but giving everyone different starting amounts of money… and basically demonstrating that well over 90% of the time… the advantages basically determined the game.
Realistically the everyone starts at a different value, is far more realistic to life… but even when you remove that realism, it still ends the same way, one person starts taking a lead… and that that inequality only grows the longer the game continues.
Nah I’m built different.
You’ve demonstrated exactly how the system works. Statistically a few players will be lucky and become very rich. They’ll be looked at as “built different”. All the other poor players will try to emulate them as if they can beat the system by achieving some virtue like working hard enough or having innate skill rather than realize the system is mathematically impossible to beat.
In light of the pedofile parasite class raping and killing children and funneling all of our money to Israel I think it’s pretty obvious that the system needs to come down
It’s baked in because we choose capitalism
Absolutely, and the headline here is
n’t(e: whoops) that extreme wealth inequality is not the result of human nature, greed, or anything. It’s actually an emergent mathematical property of the system itself. It’s unavoidable, even if everybody acts honorably. Proof by physicists that capitalism is wack.
