Your second point is an interesting theory, but seems unstable. What if one capital owner decides to consume a smaller amount of his wealth, and thereby increase his share of the economy?
Yes, I'm not saying that's where society is actually headed. It's just a hypothetical to illustrate how r can diverge from capital's "growth rate". To rephrase the last sentence, "In the extreme case, you can imagine a hypothetical equilibrium where..."
Comments
Your second point is an interesting theory, but seems unstable. What if one capital owner decides to consume a smaller amount of his wealth, and thereby increase his share of the economy?
Eventually he would rule the world.
Yes, I'm not saying that's where society is actually headed. It's just a hypothetical to illustrate how r can diverge from capital's "growth rate". To rephrase the last sentence, "In the extreme case, you can imagine a hypothetical equilibrium where..."