More On Wealth Inequality

From Vox Day:

However, both works share the same recognition of the intrinsically flawed nature of the three primary forms of government: monarchy, aristocracy and democracy. They also recognize the way these forms tend to degrade over time and transform into the others. Both Plato and Cicero are fundamentally skeptical about democracy, as Plato sees as the second-worst form of government leading eventually to demagogic tyranny as liberty devolves into license, whereas Cicero instead observes it as a prelude to aristocracy. [Emphasis added.]

I noted in a prior post that wide margins of wealth inequality should be viewed with suspicion. I now think, in light of Vox’s comments, that prolonged occurrences of radical inequality serve as evidence of a coming aristocracy.
Simply put, the elites will use their wealth and power to manipulate the political process for their own profit. As wealth inequality increases, the number of people excluded from controlling the political process increases, until there are only the wealthy elites who, practically speaking, control the political system, which is a de facto aristocracy.

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