Economist Paul Krugman explains how the United States is becoming an oligarchy – the very system our founders revolted against.
On a global view it is an interesting question. Inequality is acceptable until it promotes society’s progress. Very rich people sometimes receive excellent education and manage to live meaningful, high level, emotionally rich lives. Human happiness can be measured by the amount of happiness hormones (dopamine, serotonin) released in lifetime. Do the rich get more?
Sometimes rich people finance education, science projects and like. For example, Artificial intelligence, which can give to us unrestricted, ‘eternal’ life and much more reasonable and fulfilled lives.
On the other side, non-restricted human greed can destroy all human culture, development and our civilization. Where is the right way? IV.