Fundamentally, capital is seeking to take money, temporarily convert it to commodities, and convert those commodities back into money + some additional value. (Compare this to a more traditional/historical market where you brought commodities, exchanged them for currency, which you turned into an equivalent value of different commodities.)
That additional value has to come from somewhere. It could come from buying low and selling dear, from usury, or from buying wage labor at a price less than its value to you.
> There's little evidence of a persistent imbalance.
From 1989 to 2018 the top 1 percent increased its total net worth by $21 trillion. The bottom 50 percent saw its net worth decrease by $900 billion over the same period. In 2018 dollars. [1]
Fundamentally, capital is seeking to take money, temporarily convert it to commodities, and convert those commodities back into money + some additional value. (Compare this to a more traditional/historical market where you brought commodities, exchanged them for currency, which you turned into an equivalent value of different commodities.)
That additional value has to come from somewhere. It could come from buying low and selling dear, from usury, or from buying wage labor at a price less than its value to you.
> There's little evidence of a persistent imbalance.
From 1989 to 2018 the top 1 percent increased its total net worth by $21 trillion. The bottom 50 percent saw its net worth decrease by $900 billion over the same period. In 2018 dollars. [1]
[1] https://www.peoplespolicyproject.org/2019/06/14/top-1-up-21-...