Where economic theories take the wrong turn. (Long read)

[Farmer-Rick]

3. Well said

Capitalism concentrates wealth in a few hands.A few people with most of all the nation's wealth passing it on to their off spring when they die. And those off spring gathering in more wealth with their inherited capital. Capital making capital. Eventually most all the capital is owned by one or two people. It is the ultimate outcome of capitalism.

In the mean time, everyone else gets poorer. Markets are monopolized by the wealth extraction tools of the capitalist. The richer get richer. The planet is destroyed and polluted and human habitation on this planet becomes impossible. All so we could keep playing around with money and capital.