Shah: Pursuing wealth equality is bad because wealth naturally concentrates
Kunal Shah · Kunal Shah on winning in India, second-order thinking, the philosophy of startups, and more · Mar 24, 2024 · at 1:03:49
CRED founder Kunal Shah explains his contrarian perspective on economic inequality and wealth distribution on Lenny's Podcast.
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“I have a strong view that we will never, never have equality of wealth. In fact, chasing that is actually a bad idea, but if you let people do well and chase wealth, they'll have enough wealth for everybody else and we could take a lot of people out. And I think it's complicated because we can have all this democratic arguments that, oh, the wealth is concentrated and all that stuff, but that's the physics of wealth. It'll always be concentrated.”
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