Wealth Concentration, also known as wealth condensation, is a process by which, in some conditions, newly created wealth tends to become concentrated in the possession of already-wealthy individuals or entities, a form of preferential attachment. Those who already hold wealth have the means to invest in new sources and structure, thus creating more wealth, or to otherwise leverage the accumulation of wealth, thus are the beneficiaries of the new wealth.
Read more about Wealth Concentration: Economic Conditions, Opposition, Support
Famous quotes containing the word wealth:
“What cannot stand must fall; and the measure of our sincerity and therefore of the respect of men, is the amount of health and wealth we will hazard in the defence of our right. An old farmer, my neighbor across the fence, when I ask him if he is not going to town-meeting, says: “No, ‘t is no use balloting, for it will not stay; but what you do with the gun will stay so.””
—Ralph Waldo Emerson (1803–1882)