re: 85 people have as much wealth as bottom half of world

the author had a chance to write a real good column but slanted it a little too much toward base political philosophy and class warfare, but there were some key points in the article that everyone should pay attention to, specifically...

quote:

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It is not so much that the supply-side principle "if you build it, they will come" is no longer true. It is more that we appear to have passed a tipping point, where so much wealth has been concentrated at the top, they no longer need bother to "build" anything. In short, it has become more economically efficient to buy countries' economic policy than to create value in order to sell it on. If one can control government to favour the richest, while raising barriers for new entrants, thus increasing their share of the pie exponentially, what is the incentive to grow the pie?

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