Politicians often bicker about how big the government should be when it comes to redistributing wealth.
Question: My question is simple; would a laissez-faire approach to the market always result in inequality? Is there an upper-limit to capital/wealth accumulation? That is to say, if the governments never step in, are there any market mechanisms to counter-act a few people absorbing extreme levels of wealth?
Note: I want to focus on free markets as much as possible, but if we so choose to go down the rabbit hole of "equality of opportunity" and "equality of outcome" here are my two cents: "Equality of outcome" comes off as Orwellian and dystopian in that the economy is planned absolutely, but "equality of opportunity" implies winners and losers under a market where people are free to produce, consume and compete.