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:
“But the golden-rod is one of the fairy, magical flowers; it grows not up to seek human love amid the light of day, but to mark to the discerning what wealth lies hid in the secret caves of earth.”
—Margaret Fuller (1810–1850)