Inequality is a natural outcome of capitalism from "summary" of 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang
Capitalism is often defended on the grounds that it creates wealth and promotes prosperity, but what is often overlooked is the fact that it also generates inequality. This is not a mere coincidence or unintended consequence, but rather a natural outcome of how capitalism operates. In a capitalist system, wealth tends to concentrate in the hands of a few, while the majority of the population struggles to make ends meet. One reason for this is that capitalism rewards certain skills and attributes more than others. Those who possess valuable skills or talents are able to command higher wages and accumulate wealth, while those with less marketable skills are left behind. This leads to a widening gap between the rich and the poor, as those at the top continue to amass wealth at the expense of those at the...
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