Self-Organization of Plutonomy in a Fair Competitive Society

• Authors: Y. Todate , R. Fujie , T. Odagaki
• Languages of publication: EN

Abstracts

EN

We investigate the origin of the emergence of the plutonomy, an extreme form of hierarchy, where the top 1% of households account for more wealth than the bottom 99%. For a model fair society where individuals participate in a competition with equal right, we show that the plutonomy can be self-organized when individuals divided into several groups compete with those in the same group for a certain period (season) and they are regrouped at the end of every season. In the fair society, the wealth flows steadily from lower groups to the highest group, which is the origin of the plutonomy. Using mean-field analysis, we show that the fraction of winners decreases in proportion to the inverse of the number of groups.

Keywords

EN

89.65.-s; 89.90.+n; 05.65.+b

Discipline

• 89.65.-s: Social and economic systems
• 89.90.+n: Other topics in areas of applied and interdisciplinary physics (restricted to new topics in section 89)
• 05.65.+b: Self-organized systems(see also 45.70.-n in classical mechanics of discrete systems)

• Publisher: Institute of Physics, Polish Academy of Sciences
• Journal: Acta Physica Polonica A
• Year: 2016
• Volume: 129
• Issue: 5
• Pages: 937-940

Dates

published

2016-05

Contributors

author

Y. Todate

• Department of Physics, Tokyo Denki University, Saitama 350-0394, Japan

author

R. Fujie

• Graduate School of Law and Politics, The University of Tokyo, Tokyo 113-0033, Japan

author

T. Odagaki

• Department of Physics, Tokyo Denki University, Saitama 350-0394, Japan

References

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Identifiers

DOI

10.12693/APhysPolA.129.937