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"Either way, the concentration of wealth at the very top is much higher now than it ever was during the Gilded Age. And these are numbers from last year, before the SpaceX IPO. The robber barons were pikers compared with today’s oligarchs." paulkrugman.substack.com/p/meet-the-n...

What has been the relation between innovation and wealth inequality? As inequality decreased from 1930-1980 we saw invention of transistor, laser, computer, satellite. Late 1800’s gave us telephone, light bulb, automobile but not sure how that aligned with wealth inequality.

the intuitive argument is strong. when the masses have lots of spending power there is a strong incentive to invent new stuff to sell to them. when 5 guys have it all and don't spend it on anything but luxury yachts and whatnot much less so!