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← The distribution of wealth has always been political and cannot be reduced to economic mechanisms
17 connected korrents · 11 moments from 18 Dec 1790 to 30 Oct 2026.
Everything filed under capitalism
capitalism
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democracy
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public debt
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government
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family
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investing Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: The distribution of wealth has always been political and cannot be reduced to economic mechanisms The distribution of wealth has always been political and cannot be reduced to economic mechanisms
TP
Thomas Piketty — holds since c. 2013 — tap for who they are
Same subject: Wealth is not a zero-sum game, but political power is. — tap to centre the map on it Wealth is not a zero-sum game, but political power is. Last stated 2 days ago
30 Oct 2026
RR
Robert Reich — holds since 2026-10-30 — tap for who they are
Same subject: Whether a more equal distribution of wealth is attainable is uncertain; if it is not, Providence is cruel — tap to centre the map on it Whether a more equal distribution of wealth is attainable is uncertain; if it is not, Providence is cruel Last stated 133 years ago
10 May 1893
RT
Rabindranath Tagore — holds since 1893-05-10 — tap for who they are
Same subject: Every civilized country has, or could have, plenty for all, and sharing existing wealth fairly would make everyone comparatively comfortable — tap to centre the map on it Every civilized country has, or could have, plenty for all, and sharing existing wealth fairly would make everyone comparatively comfortable
WM
William Morris — holds since c. 1883–1888 — tap for who they are
Same subject: In an AI world growth and economic value come easily; distribution, wealth and political freedom are the hard parts, and that is where policy belongs. — tap to centre the map on it In an AI world growth and economic value come easily; distribution, wealth and political freedom are the hard parts, and that is where policy belongs. Last stated 9 months ago
13 Feb 2026
DA
Dario Amodei — holds since 2026-02-13 — tap for who they are
Same subject: Unequal land ownership is the great cause of unequal distribution of wealth — tap to centre the map on it Unequal land ownership is the great cause of unequal distribution of wealth
HG
Henry George — holds since c. 1877–1880 — tap for who they are
Same subject: Property should circulate, divided more equally among a family's children, rather than entrenched by inheritance of the eldest son — tap to centre the map on it Property should circulate, divided more equally among a family's children, rather than entrenched by inheritance of the eldest son Last stated 236 years ago
18 Dec 1790
MW
Mary Wollstonecraft — holds since 1790-12-18 — tap for who they are
Same subject: A society as wealthy as ours has no reason not to guarantee basic security to all without endangering freedom — tap to centre the map on it A society as wealthy as ours has no reason not to guarantee basic security to all without endangering freedom
FH
Friedrich Hayek — holds since c. 1944 — tap for who they are
Same subject: Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place. — tap to centre the map on it Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place. Last stated a month ago
22 Sept 2026
NM
Nick Maggiulli — holds since 2026-09-22 — tap for who they are
Same subject: A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. — tap to centre the map on it A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. Last stated a year ago
21 May 2025
EZ
Ed Zitron — holds since 2025-05-21 — tap for who they are
Same subject: A competitive market involves no personal rivalry and no personal haggling — tap to centre the map on it A competitive market involves no personal rivalry and no personal haggling
MF
Milton Friedman — holds since c. 1962 — tap for who they are
Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified through fungibility of alternatives, not merely through lower price. Last stated 2 months ago
26 Aug 2026
RK
Rohit Krishnan — holds since 2026-08-26 — tap for who they are
Same subject: A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy. — tap to centre the map on it A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy. Last stated 2 years ago
6 Mar 2025
KG
Kapil Gupta — holds since 2025-03-06 — tap for who they are
Same subject: A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one. — tap to centre the map on it A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: A conversation needs several legitimate voices; if the people has only one, democracy becomes dictation — tap to centre the map on it A conversation needs several legitimate voices; if the people has only one, democracy becomes dictation
YH
Yuval Noah Harari — holds since c. 2024–2025 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Cutting off trade with tariffs would force a huge interest-rate spike and probably a debt crisis, because the budget deficit would have to be financed at home. — tap to centre the map on it Cutting off trade with tariffs would force a huge interest-rate spike and probably a debt crisis, because the budget deficit would have to be financed at home. Last stated 2 years ago
14 Apr 2025
JC
John H. Cochrane — holds since 2025-04-14 — tap for who they are
Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
At the centre
The distribution of wealth has always been political and cannot be reduced to economic mechanisms
Last stated c. 2013
Holds Read this korrent →
Wealth is not a zero-sum game, but political power is.
Holds
Whether a more equal distribution of wealth is attainable is uncertain; if it is not, Providence is cruel
Holds
Every civilized country has, or could have, plenty for all, and sharing existing wealth fairly would make everyone comparatively comfortable
Last stated c. 1883–1888
Holds
In an AI world growth and economic value come easily; distribution, wealth and political freedom are the hard parts, and that is where policy belongs.
Holds
Unequal land ownership is the great cause of unequal distribution of wealth
Last stated c. 1877–1880
Holds
Property should circulate, divided more equally among a family's children, rather than entrenched by inheritance of the eldest son
Holds
A society as wealthy as ours has no reason not to guarantee basic security to all without endangering freedom
Last stated c. 1944
Holds
Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place.
Holds
A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price.
Holds
A competitive market involves no personal rivalry and no personal haggling
Last stated c. 1962
Holds
A market becomes commodified through fungibility of alternatives, not merely through lower price.
Holds
A company can run on truth only if its leader deeply desires it and rules with a firm hand rather than by democracy.
Holds
A company is not a democracy: every voice should be heard and then one person decides, and the decision should not be the popular one.
Holds
A conversation needs several legitimate voices; if the people has only one, democracy becomes dictation
Last stated c. 2024–2025
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
Cutting off trade with tariffs would force a huge interest-rate spike and probably a debt crisis, because the budget deficit would have to be financed at home.
Holds
During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity.
Holds