dont have billionaires [superoverpaid]???
wealth concentration tends to monopolism, ie tyranny of prices [monopolism causes boom & bust, depressions, superwealth/superpoverty]
japan [50% less inequality, after general macarthur's land reforms, ie equalising] has many competing companies in every field, which keeps prices well down & quality-striving high, which is why japan has taken over the car & electronics markets, & why 7 of the top ten banks have buzzed off to japan [following the money], & why japan is a world creditor, & why tokyo realestate is [hard to believe, but so i read] worth as much as all of america & europe [beware the [overdue] regular tokyo earthquake, when japan will pull its money out of the world to rebuild tokyo! invest in japanese concrete & glass then!]
wealth concentration is land monopolism which is control of everything - who owns the land owns everything & everybody - look at england - 1% own 85% of land - bangladesh: landlessness at 75%
2006-10-25
14:47:01
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4 answers
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asked by
Anonymous
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Economics