Econprof if you read the commentary, the film maker had to edit down to three minutes, and the video does reference income. One would hope it is a teaser to sequels that flesh out who these super rich are, how they accumulated their wealth, and how a more even distribution is achieved. I think what is unsettling is the notion that concentrations of wealth and its corollary power, are reminiscent of an era we associate with a less evolved society, where access to the political process, education, and opportunity is discriminatory. I don’t think we are devolving in that sense, but the wealth concentration phenomenon needs to be examined in the context of the overall health of a society. Ironically, you might find similarly huge disparities in China and Russia, and if comparing rich and poor countries the divide is very apparent again. Time magazine recently did a study of the Nordic model where societal mores are in lockstep with a consensual process. A hybrid Freidman socialism. It works, but the question of adapting it on a large scale presents challenges.
