Piketty's whole thesis in Capital in the Twenty-First Century is r > g: returns on capital grow faster than the economy, so fortunes compound automatically while wages crawl. Harvard University Press. It's structural math, not a story about lazy workers or brilliant founders. Once you have a billion, the billion makes more billions with zero effort, and the gap widens on autopilot forever. No amount of 'work harder' overcomes an exponent.
2 comments