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" T=m+f " by un-credentialed political economist callchet.

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.... callchet .... Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 07:09 AM
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" T=m+f " by un-credentialed political economist callchet.

The overall equation still balances out. " T=m+f " Where T = total wealth of the world. m = total wealth of the many, f = total wealth of the few.

The equation by definition is balanced. The problem ( only because some people suffer ) is that the components of one side are not equal . What does

it take to quit dancing around this equation that is balanced, and look at one side that is made up of inequalities . So why be conderned wtih one

side since the the equation is balanced ? And everyone on the one side is concerned ! Each one is trying, or hoping , or waiting to get a little

more .
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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-08-09 01:35 PM
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1. I encourage you to learn about pareto distributions
http://en.wikipedia.org/wiki/Pareto_distribution

It seems, for reasons unknown to us, that a great many aspects of human (and natural) activity follow a power law. (more on power laws: http://en.wikipedia.org/wiki/Power_law) In brief a power law describes phenomena where certain proportions seem to hold true regardless of scale.

A Pareto distribution (named after an Italian economist) is sometimes known as the '80-20' rule - the fact that in any economy, the tendency is for 80% of the wealth to be controlled by only 20% of the people. Curiously, the same appears to hold true for things as diverse as city sizes, grains of sand on a beach, and so on. That is, (approximately) 80% of the world's population lives in 20% of the world's cities, 80% of the mass of a pile of sand resides in 20% of the sand grains (the other 80% of the grains being increasingly smaller) and so on.

So it appears that disparities in wealth are in fact natural, although the degree of disparity may or may not be sustainable in a given economy. You should also investigate the Gini coefficient, which is a measure of wealth distribution (by another Italian economist, oddly enough). scroll down past the mathematical bit if you're not math inclined, there's a lot of interesting general information after that: http://en.wikipedia.org/wiki/Gini_coefficient
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