Thursday, July 31, 2014
Monopoly Economics: When One Person Has All The Money, Game Over
Billionaire venture capitalist Nick Hanauer has made the news recently with his views about how inequality is bad for the economy. Here's a quote that got my attention.
"The thing about a real economy is that it actually is like the game of Monopoly in the sense that when one person has all the money, the game is over. And in a game of Monopoly, of course, that’s quite charming, but in a real economy it’s much more problematic".
You can read the entire interview here.
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