A world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth.”

— Friedrich Hayek

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Discussion

Are those necessarily different?

These scenarios are fundamentally different because they involve different mechanisms of power acquisition.

How so

The distinction rests on whether power is dynamic or static. A wealthy entrepreneur can lose their wealth if they fail to serve consumers well. An entrenched power holder protected from competition cannot.

Still feels like a false dichotomy.