TL;DR. Wealth is not distributed; therefore the question whether or not wealth is badly distributed cannot be answered without knowing the process that led to the distribution that was obtained.
In what sense is wealth distributed? Is there some stock of wealth that a society has that gets distributed to the people of that society, and if so, is there someone in charge of doing the distribution, and if so, is that person doing a bad job?
What if wealth is not distributed by someone any more than height is distributed among people? We do recognize that there is a “height distribution” in any population, which in technical terms is called a “normal” distribution, but that does not imply that there is someone who goes about distributing height. Certainly some end up tall and others short but height is not “badly” distributed merely because everyone does not end up exactly having the same height (or weight or looks or intelligence or whathaveyou.) Continue reading “Why is Wealth so Badly Distributed?”
Atanu Dey : Life is a Random Draw 