A Year in Recap: Popular Backlash against Inequality
Economic inequality is not new. It is a phenomenon that has haunted human civilization ever since agricultural production became systematic and people saw the benefits of accumulating wealth in one place. A ruling elite with the power to organize the institutions and structures of society came to tower over others, giving them the ability to reshape how society operates to benefit themselves. The result is the rise of an elite that is both politically and economically powerful, often in a hereditary manner. For too long, the general populace was OK with such an elite, notably because there was a belief that anyone can become equally as powerful and rich through individual efforts.