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The abstract economy: 'You've never had it so good ...' : Comments
By Mark Bahnisch, published 7/8/2007Voters have become more and more sceptical of big ticket promises and economic jargon over the course of the Howard era.
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There was no political bais one way or the other.
The results were very consistent, a few individuals accumulated massive ammounts of assets, with large numbers of agents having very little asset accumulation.
The results follow power law principles (a natural phenomenon describing among other things earthquakes, biological extinctions, the number of people's sexual partners) - few few ultra large events, many very small events. I read a newspaper report a few years ago of an experiment on passenger plane evacutations, some people always got out regardless of where on the plane they were, some people never got out, even if they were sitting at the emergency exit.
Maybe we can do nothing to change inequality (it is a predestined or natural part of humans and complex systems??) in the longer term, we certainly have put a huge amount of effort into it and it seems to be without result.