Reducing economic inequality to avoid collapse

We have all heard the saying "money attracts money" or some similar expression. And it is true. It's also tremendously unfair. In system dynamics theory - an increasingly crucial field for navigating our complex world - this tendency even has a name: "success for the already successful". It's easy to understand. If you have an advantageous economic starting position, it is much easier for you to gain access to better educational opportunities and profitable contacts, and in the medium term this will open doors to better job opportunities, and in the long run to great economic benefits. That is why scholarships and grants for the less advantaged are so important - and insufficient. They help correct an imbalance that, as we shall see, is very dangerous for all members of a society. Perhaps that is why we like so much the story of the man made from below, because it [...]

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