Plutonomy

In finance, the plutonomy is the small group of people that control most of the wealth.

Plutonomy is also the study of production and distribution of wealth.

  • How People Get Rich and Income Inequality

    Paul Graham argues in How people get rich now that we are returning to a period where wealth is mostly generated from starting companies (as opposed to inherited wealth from oil and natural resources) and that’s a good thing even though wealth inequality is growing. He argues that it’s that rich people coming from tech get rich faster and much more wealthy and not something more sinister that technology companies growth correlates with rising income inequality.