Inequality is a barrier to sustainable capitalism from "summary" of Reimagining Capitalism in a World on Fire by Rebecca Henderson
Inequality undermines the very fabric of a sustainable capitalism. When a small number of individuals amass vast amounts of wealth while the majority struggle to make ends meet, the system becomes inherently unstable. The growing disparities in income and opportunity not only erode social cohesion but also hinder economic growth. The concentration of wealth in the hands of a few deprives the broader population of the purchasing power necessary to drive demand and sustain businesses. Moreover, inequality breeds resentment and disenchantment among the marginalized groups, leading to social unrest and political instability. This not only disrupts the functioning of markets but also undermines the legitimacy of the capitalist system itself. In a world where trust in institutions is already on the decline, the widening wealth gap only serves to deepen the divide between the haves and have-nots, further fracturing society along economic lines. Furthermore, inequality per...
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