In reality, most redistribution in recent years has been in the other direction—upward from consumers, workers, small businesses, and small investors to top corporate and financial executives, Wall Street traders and portfolio managers, and the major owners of capital assets. But this upward redistribution is invisible. The main conduits for it are hidden within the rules of the market—property, monopolization, contract, bankruptcy, and enforcement—rules that have been shaped by those with substantial wealth and political clout. It is, in this sense, a predistribution upward that occurs inside
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