And yet a larger percentage of the capital is concentrated in a smaller percentage of the population. I think about life in the arts—in the first half of the century it used to be that a talented writer or musician could make a living with their art. Not necessarily a huge amount of money, but something that could provide at least a middle-class level of living. Now a smaller number of writers or musicians make mind-numbing amounts of money while the vast majority of writers and musicians cannot make a living from art. We’re seeing a concentration of the rewards in everything into fewer and fewer hands while most get very little.

It's not mutually exclusive to have more wealthy people while also having capital concentrating in a way that means most people have less access to it.