Generation Bubble

Hindsight Is 20/80: Information and the Zero-Sum Society

“Profit-seeking innovators” may just turn out to be predators, exploiting their advantages in resources to develop ways of protecting their interests at the expense of the general well-being. This underscores the reason that increasing income inequality is troubling. It suggests that those who are rich are channeling their riches into expanding their advantage through this sort of socially destructive innovation. That is to say, the rich are getting richer for no good reason.