Wealth condensation is the process by which wealth tends to become increasingly concentrated among a small number of individuals or groups over time. This phenomenon can occur in both market and non-market economies, and can be influenced by a variety of factors such as economic policies, social structures, and technological advancements. Wealth condensation can have significant implications for economic inequality, social mobility, political power, and overall societal well-being. Some scholars and activists argue that wealth condensation is a significant driver of income and wealth inequality, and that policies such as progressive taxation, universal basic income, and wealth redistribution are necessary to mitigate its effects.
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