The mathematical law that shows why wealth flows to the 1% | Alok Jha | Comment is free | The Guardian.
This is not the first time I've commented on suggestions that the Pareto principle tells us that extreme inequality just can't be avoided. See http://lvtfan.typepad.com/lvtfans_blog/2008/03/the-8020-rule-.html
I alternately find it amusing and very sad that commentators reason from such observations to "gee, there's nothing wrong with our structures! It is just a law of nature!"
No! We've set things up so that a relative few benefit greatly from the value of natural resources, and another (likely overlapping) group* benefit greatly from the results of federal, state and local spending on infrastructure and services, and then we consider it a "mathematical law" that 1% of us get such a large share of the pie!
And rich people's useful idiots bless such analyses and give them a gloss of "scholarship."