Apple’s $1T Milestone Reflects Rise of Powerful Megacompanies
There are some positive aspects to rising global inequality. Massive wealth, concentrated in a few hands, does not really make the rest of us poorer. They are not competing for the same goods and services as we are. It only really hurts the rest of the population if they go on a frivolous consumption spree - building monuments to themselves or otherwise burning resources.<p>What it does potentially enable, however, is grand projects that can push humanity forward as a whole. Elon Musk with SpaceX is maybe one example. But I would imagine the very wealthy would have a big interest in effectively researching longevity, revolutionizing healthcare, faster travel, maybe even building a &#x27;comfortable&#x27; space station in a Lagrangian point which would involve also building a Lunar base.
Once these advancements are available to the super-rich, it will not be long until they are available to the rest of us - according to history, anyway.<p>I do not have the research, but from anecdotal observations, wealth created by building legitimate businesses tends to be spent more carefully and responsibly than wealth acquired through political connections, natural resources, granted monopolies etc.