From Geoff Clarke
The orthodox Marxism of Robert Hardy and Philip Ward
(9 September, p 54)
rather misses the fundamental point of Bouchaud and Mézard’s analysis,
which is that the distribution of power and influence in any group tends to be
skewed in a manner familiar to Vilfredo Pareto. Observation suggests that even
within Hardy’s organisations of collective popular power, somehow the same
skewing effect also manifests itself in favour of a small group within the main
“collective”. Money is just a particular form of distilled power.
Northampton
