It is also my opinion that capitalism—an incentive system that rewards the people who are most inventive and productive, and that has capital markets that reward good capital allocation decisions and penalizes bad ones—will lead to a) more productivity over the long run (and hence a bigger total pie), b) big wealth differences, and c) capital markets (especially debt markets) that become overextended and then break down. When there is a capital market/economic breakdown at the same time that there are big wealth and values disparities, that is likely to lead to some form of revolution. Such
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