Not saying we don’t need to fix things… we need to destroy even the concept of billionaires. While things are bad, and trending worse, they’re not yet “literally eat the rich” bad.
That’s a 0 point comment on ask historians, from 11 years ago, with no sources listed, no details and little explanation. The follow-up comments have a little more info but only from 1870, and even then it’s only talking about land not wealth. Also the only source linked is a NY Review of Books article that 404s.
I think it’s fairly safe to assume that wealth inequality was lower before industrialization. That really supercharges the power of capital, encouraging and rewarding larger and larger accumulations of capital. Before that it’s also much harder to get reliable data.
Aristotle in the politics mentions a plan to cap wealth inequality at 1:5. Once you have more than 5 times the poorest citizen, your wealth is redistributed. He thinks it too radical, but could you imagine anyone talking about capping CEO pay at 5 times the janitor? That’s unthinkable to us.
I’m not so sure about that. When we compare medieval wealth inequality to now, it was worse back then. Ew, a link to Reddit, but it’s got good info.
Not saying we don’t need to fix things… we need to destroy even the concept of billionaires. While things are bad, and trending worse, they’re not yet “literally eat the rich” bad.
I’m not sure that link does have good info.
That’s a 0 point comment on ask historians, from 11 years ago, with no sources listed, no details and little explanation. The follow-up comments have a little more info but only from 1870, and even then it’s only talking about land not wealth. Also the only source linked is a NY Review of Books article that 404s.
I think it’s fairly safe to assume that wealth inequality was lower before industrialization. That really supercharges the power of capital, encouraging and rewarding larger and larger accumulations of capital. Before that it’s also much harder to get reliable data.
Aristotle in the politics mentions a plan to cap wealth inequality at 1:5. Once you have more than 5 times the poorest citizen, your wealth is redistributed. He thinks it too radical, but could you imagine anyone talking about capping CEO pay at 5 times the janitor? That’s unthinkable to us.