1. reset the accumulation every 50 years or more often. The reset can be a war, a dictatorship, revolution, whatever. It's how Eastern Europe has low wealth inequality despite no systemic measures. It's not a stable solution (if you leave them alone they will accumulate capital and become oligarchy unless other measures are implemented). That's why EU Eastern Europe is different from non-EU Eastern Europe by the way - EU is a huge regulatory force preventing oligarchies from arising.
2. taxation + welfare system that redistributes enough wealth to prevent runaway feedback loops. See socialdemocratic Europe.
3. other regulations preventing non-monetary runaway loops (lobbying laws, antimonopoly rules, electoral system preventing influence from money into politics, trade unions, etc.)
4. economy focused on activities that are less suitable for wealth accumulation. This is not a binary switch, more like a spectrum going from hydrocarbons to service based economy. It's also not a long-term solution, it just speeds up or slows down the accumulation. Even in service-based economy you eventually get oligarchy if you have no regulation (see USA).
IMHO the obvious choice is combination of 2 and 3, the others are shortcuts that happen by accident and you can't depend on them.
BTW "invasive control" is a biased view. Unchecked unregulated capitalism is just as invasive if not more. The only difference is who is invasive towards whom. I prefer elected officials controlling my employers over unelected billionaires controlling their workers. Notice how in US it's common to have to explain to your boss why you want a day off. Like he owns you and it's his good will that you may be allowed to get sick or to rest.
In EU not only is this illegal - even if it would be legal - it would be a huge breach of etiquette for your employer to ask how exactly are you sick.
For someone from Europe it's USA that looks crazy invasive.
1. reset the accumulation every 50 years or more often. The reset can be a war, a dictatorship, revolution, whatever. It's how Eastern Europe has low wealth inequality despite no systemic measures. It's not a stable solution (if you leave them alone they will accumulate capital and become oligarchy unless other measures are implemented). That's why EU Eastern Europe is different from non-EU Eastern Europe by the way - EU is a huge regulatory force preventing oligarchies from arising.
2. taxation + welfare system that redistributes enough wealth to prevent runaway feedback loops. See socialdemocratic Europe.
3. other regulations preventing non-monetary runaway loops (lobbying laws, antimonopoly rules, electoral system preventing influence from money into politics, trade unions, etc.)
4. economy focused on activities that are less suitable for wealth accumulation. This is not a binary switch, more like a spectrum going from hydrocarbons to service based economy. It's also not a long-term solution, it just speeds up or slows down the accumulation. Even in service-based economy you eventually get oligarchy if you have no regulation (see USA).
IMHO the obvious choice is combination of 2 and 3, the others are shortcuts that happen by accident and you can't depend on them.
https://en.wikipedia.org/wiki/List_of_sovereign_states_by_we...
BTW "invasive control" is a biased view. Unchecked unregulated capitalism is just as invasive if not more. The only difference is who is invasive towards whom. I prefer elected officials controlling my employers over unelected billionaires controlling their workers. Notice how in US it's common to have to explain to your boss why you want a day off. Like he owns you and it's his good will that you may be allowed to get sick or to rest.
In EU not only is this illegal - even if it would be legal - it would be a huge breach of etiquette for your employer to ask how exactly are you sick.
For someone from Europe it's USA that looks crazy invasive.