Maximum inequalities ensue from free markets

[Padawanbater2]

Two Brazilian physicists have shown that wealth concentration invariably stems from a particular type of market exchange rules -- where agents cannot receive more income than their own capital. The authors concluded that maximum inequalities ensue from free markets, which are governed by such seemingly fair rules.

This study, published in European Physical Journal B, was conducted by J. Roberto Iglesias and Rita de Almeida from the Brazilian National Institute of Science and Technology of Complex Systems, based in Porto Alegre. This Brazilian city is famous for hosting the World Social Forum, which is designed to find alternatives to economic liberalism.

To study free market models, the authors used statistical mechanics methods focusing on the dynamic of wealth exchange over time. These methods were inspired by Boltzmann's theory of kinetic energy exchange between gas molecules during collisions. They found that over time, all the available wealth is concentrated among only a few agents. This is represented by a tail-shaped graph that confirms previous studies showing that wealth distribution follows a power law.

As a result, the free market is stalled with no subsequent possible exchanges of wealth, even if wealth were distributed evenly from the start. The authors concluded that regulations for the rules of wealth exchange are necessary to avoid concentration of wealth and stalling of market exchange. For example, systems in which regulations and taxes give the poorest agent a probability of wealth gain of over 50 percent may prevent wealth concentration and decrease inequalities.

Also, the possibility of gains exceeding their own capital is crucial to permit a recovery of the poorer agents and to circumvent market stagnancy. Although such models analyse only an incomplete representation of the market and trade, further research could contribute to defining exchange rules that may help avoid future wealth concentration.

http://www.sciencedaily.com/releases/2012/03/120307112614.htm


Thoughts on this?

 

[collector]

Go long on BBQ sauce.

 

[Canna Sylvan]

Once you get to 10,000 posts you'll become an expert posting master. Too bad that doesn't cure income inequality.Research says it takes 10,000 hours to get good at something. How many give up before. That's your answer. Stop being lazy.

 

[Padawanbater2]

Once you get to 10,000 posts you'll become an expert posting master. Too bad that doesn't cure income inequality.Research says it takes 10,000 hours to get good at something. How many give up before. That's your answer. Stop being lazy.

Same old tired bullshit

If you think all poor people are lazy and all wealthy people work hard, you're deluding yourself

This article examines one aspect of that and concludes inequalities will inevitably arise in an economic system that favors the wealthy through loopholes and regulations (i.e. crony capitalism)

 

[collector]

How does a _ _ _ _ _ _ _ Country propose spreading the wealth without going socialist/communist ?
Not going to happen.
Long BBQ sauce.

 

[Padawanbater2]

How does a _ _ _ _ _ _ _ Country propose spreading the wealth without going socialist/communist ?
Not going to happen.
Long BBQ sauce.

A good start would be to eliminate shit like this; http://en.wikipedia.org/wiki/Citizens_united

and ensuring representatives who enact or vote for legislation like this don't get elected

 

[collector]

I agree. And while we are at it eliminate 100,000 crony laws a year in place of passing 40,000 new ones.
It wont happen until after the BBQ sauce.

 

[Rak on Tur']

A good start would be to eliminate shit like this; http://en.wikipedia.org/wiki/Citizens_united

and ensuring representatives who enact or vote for legislation like this don't get elected

It happens because people are to lazy to pay attention, let alone vote. Then throw in our biased media owned by some conglomerate or self serving billionaire that plays stuff in their favor it makes it even worse.

Free markets is a total myth here, they are fixed top to bottom.

 

[Padawanbater2]

I agree. And while we are at it eliminate 100,000 crony laws a year in place of passing 40,000 new ones.
It wont happen until after the BBQ sauce.

Yeah you're right, I guess we should just do nothing and forget about it..


Sixteen states have called for a constitutional amendment to reverse the court's decision:

California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Montana, New Jersey, New Mexico, Oregon, Rhode Island, Vermont and West Virginia. California is also planning on calling a constitutional convention to pass an amendment that would repeal the decision. Washington D.C. and almost 400 other municipalities have also passed similar resolutions, itemized on the United for the People website.

 

[collector]

It happens because people are to lazy to pay attention, let alone vote. Then throw in our biased media owned by some conglomerate or self serving billionaire that plays stuff in their favor it makes it even worse.

Free markets is a total myth here, they are fixed top to bottom.

Laziness is only part of why.
There is also apathy and dependence on handouts, Government jobs or private jobs which depend on government spending.

 

[Rak on Tur']

Laziness is only part of why.
There is also apathy and dependence on handouts, Government jobs or private jobs which depend on government spending.

That is definetly a part, here in AK we are a total black hole for federal military spending. It's insane the amount wasted.

Throw in the partisan and single issue voters, boy are we in a mess.

 

[collector]

Yeah you're right, I guess we should just do nothing and forget about it..


Sixteen states have called for a constitutional amendment to reverse the court's decision:

California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Montana, New Jersey, New Mexico, Oregon, Rhode Island, Vermont and West Virginia. California is also planning on calling a constitutional convention to pass an amendment that would repeal the decision. Washington D.C. and almost 400 other municipalities have also passed similar resolutions, itemized on the United for the People website.

Constitutional Convention ?
I don't trust opening that door for the whores and traitors in office

 

[heckler73]

Two Brazilian physicists have shown that wealth concentration invariably stems from a particular type of market exchange rules -- where agents cannot receive more income than their own capital. The authors concluded that maximum inequalities ensue from free markets, which are governed by such seemingly fair rules.

http://www.sciencedaily.com/releases/2012/03/120307112614.htm


Thoughts on this?

Yah...reading the source paper is more interesting.
http://arxiv.org/abs/1108.5725

 

[Padawanbater2]

Constitutional Convention ?
I don't trust opening that door for the whores and traitors in office

So you offer the same solution, sit on your hands and do nothing

How exactly do you think we ended up with "the whores and traitors in office"...?

 

[beenthere]

Same old tired bullshit

If you think all poor people are lazy and all wealthy people work hard, you're deluding yourself

This article examines one aspect of that and concludes inequalities will inevitably arise in an economic system that favors the wealthy through loopholes and regulations (i.e. crony capitalism)

Well, that counts me out.

I think most, not all poor people in America are lazy, and most, not all wealthy people in America work hard.
This is from my own experience.

 

[Padawanbater2]

Well, that counts me out.

I think most, not all poor people in America are lazy, and most, not all wealthy people in America work hard.
This is from my own experience.

Well, unfortunately there is no way to know that one way or the other

But to me, being in poverty is more than enough motivation alone to work, most people don't wan't to be on welfare

I'm not sure I agree with you that most wealthy people earned their money solely through hard work. I would agree that being a hard working individual is paramount to becoming a financially successful person in most cases, but like I said before, there are plenty of hard working people who are not financially successful. Do you agree?

 

[Canna Sylvan]

Same old tired bullshit

If you think all poor people are lazy and all wealthy people work hard, you're deluding yourself

This article examines one aspect of that and concludes inequalities will inevitably arise in an economic system that favors the wealthy through loopholes and regulations (i.e. crony capitalism)

How many people fail at life actually spend their free time getting better and not give up before 10,000 hours. You think I was magically given the ability to write? Stop being foolish. It was damn hard. People mock you, including my family. I almost lost everything for my dream. Those who don't make it, sorry it's their fault. Stopping from laziness is easy and it's always their fault.In your world no one would get their dream. Fuck your world. I could care less what the proles bitch about. You weren't there the countless times I wanted to give up on everything and it cheapens me with your bullshit.

 

[Padawanbater2]

How many people fail at life actually spend their free time getting better and not give up before 10,000 hours. You think I was magically given the ability to write? Stop being foolish. It was damn hard. People mock you, including my family. I almost lost everything for my dream. Those who don't make it, sorry it's their fault. Stopping from laziness is easy and it's always their fault.In your world no one would get their dream. Fuck your world. I could care less what the proles bitch about. You weren't there the countless times I wanted to give up on everything and it cheapens me with your bullshit.

What you fail to consistently realize is that the game if life isn't fair, it never was, but people like me believe it should be. Apparently you don't, you got yours so fuck everybody else, is that it?

What you also fail to realize is that if the world I work towards came to fruition, you would have had a much more attainable road to where you currently are, as would everybody else. So when you say what I do cheapens your experience, you once again, fail to realize it is you standing in your own way, not me.

 

[BigNBushy]

Constitutional Convention ?
I don't trust opening that door for the whores and traitors in office

I would love to see the states assert themselves. If that means doing so to throw out citizens united, so be it.

Likely enough states will not be in favor of this on their own. So then what? Time for compromise. Since that is a liberal hot button issue, the time could be used to add a conservative issue to the mix to get enough states on board to do something good.

I kind of agree though, since corporations are nothing more than associations made up of individuals, they shouldn't be treated too dissimilarly. Would the same apply to a labor union, I think so.

 

[Canna Sylvan]

No it wouldn't have become easier. What motivation would I have had to meditate for two hours every day? You sit there, it's boring, and takes YEARS and even DECADES.. Let's go have sex instead. Nope, while fun an easy, is lazy. You even mocked me once about meditation and said you'd rather live life. Yeah, some life bitching rather than making your dream come true. It's people like you why people fail. Life isn't fair, true. It's the only thing we agree about, but it's all we have. Go grab your dream, too, bro.