I tend not to get too political or ideological on social media, but I thought this was quite interesting as it's been on my mind for some time. Put aside what you may think of Gary Stevenson for a moment and think objectively about what he is saying. I am certainly more capitalist-leaning, more meritocratic in my attitude towards work and achievements, but sometimes I do think the cards are increasingly becoming stacked against those who work hard. The crux of the argument here is that with numbers sooooo big (like trillions) and when returns are largely % driven, the compound effect means that certain people in the billionaire (and now millionaire) class are becoming way too out of reach for everyday people to ever catch up. IMO, you can be strongly capitalist, believe in meritocracy, and still recognise that something unusual is happening with the scale of wealth concentration. One thing we all know is that monopolies and oligopolies ruin a capitalist economy and for me the key issue isn't necessarily that billionaires exist. It's whether the gap between capital owners and everyone else is widening faster than opportunity beyond a point of no return until something drastic (like WW3) happens to rebalance the playing field.

Posted by Saam Lowni at 2026-06-26 08:17:47 UTC