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Catholic Social Teaching: Toward a More Humane Economy | Prof. Andrew Abela

The Thomistic Institute

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Concentration of Wealth and Distribution of Wealth

Austrian economist Friedrich Hayek argued that concentration of wealth and power leads to the destruction of capitalism. If you allow concentration of power that's unjust, but it also leads to economic decline,. Do you see the connection there? Okay. It's interesting though to ask where we stand today in terms of how concentrated is wealth, particularly in the United States.

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