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:
“No man, however benevolent, liberal, and wise, can use a large fortune so that it will do half as much good in the world as it would if it were divided into moderate sums and in the hands of workmen who had earned it by industry and frugality. The piling up of estates often does great and conspicuous good.... But no man does with accumulated wealth so much good as the same amount would do in many hands.”
—Rutherford Birchard Hayes (1822–1893)