Thursday, February 23, 2012

Shrinking Degrees of Separation

One of the largely unnoticed side-effects of a shrinking number of people with increasing wealth is that true competition goes away because they can't help but know each other. It would be a near impossibility for a small group of ultra-rich people to have next-to-no degrees of separation (not withstanding Kevin Bacon).

In a society like this, every medium-to-major transaction is always going to be an 'inside job.' It's not possible for it to be otherwise.

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