complex-systems

There needs to be negative feedback loops that prevent monopolies. In part I think it’s important to revisit property rights and incentivize churn of property that just exist for rent extraction. 

One of the system traps that Donella Meadows describes in her book “Thinking in Systems” is, “success to the successful.” It’s the classic the rich get richer archetype. One of her suggestions for avoiding this trap is increasing diversification in industry. 

This is naturally a difficult thing to do because the poor don’t have a lot of options for diversification and are forced to used what’s available to them. Where the rich have the resources to do spread themselves out and entrench their position in society.