Delta-Wealth Drives Capitalism

I just read this. I don't have any idea yet whether I agree, whether I think it's a profound observation, or whether it's trivial nonsense. Nevertheless, it jumped out at me and I expect I'll think about it for awhile.

… capitalism can only work with great imbalances of wealth, and when it is working really well it will always work towards increasing those imbalances.

[David Horton, "Grab the golden ring", Huffington Post, 28 November 2007.]

(It may be that my mind latched onto it because it sounds remarkably like the sort of assertion thermodynamics would make.)

Posted on November 28, 2007 at 16.35 by jns · Permalink
In: All, Briefly Noted

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  1. Written by rightsaidfred
    on Thursday, 29 November 2007 at 08.25
    Permalink

    I'm heartened that the likes of David Horton admits that capitalism works. Progress is being made. Eventually he might move over into the running dog lackey category with me.

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