Wealth concentration is a concern from "summary" of The Haves and the Have-Nots by Branko Milanovic
The distribution of wealth has always been a topic of great interest and concern. In today's world, the issue of wealth concentration is particularly worrisome. The fact that a small percentage of the population holds a large portion of the world's wealth raises questions about fairness and social justice. When wealth is concentrated in the hands of a few, it can lead to economic and social instability. Those who are wealthy have more power and influence, which can further exacerbate inequality. This can create a cycle where the rich get richer and the poor get poorer, widening the gap between the haves and the have-nots. Furthermore, wealth concentration can have negative implications for democracy. When a small elite controls a significant portion of the wealth, they also have more control over political decisions and policy-...
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