They are voting it up because posing as 'champagne Marxist' has become popular among the demographics which frequent sites like HN so publications which seem to fit this narrative are gaining traction, factuality be damned.
Does this mean there is no problem when such a large fraction of a country's wealth is concentrated in so few hands? Nope, it certainly can be a problem and has been shown to be so when these few hands use their influence to further their own interests to the detriment of those of the country. The same is true for places where the narrative pushed by the armchair revolutionaries is enacted, the difference is that instead of a few monied interests pulling the strings there tend to be a few politically well-placed individuals doing so. Trying to solve the problems related to extreme wealth concentration with the dissolution of private property - which is what the narrative comes down to - is just as silly as trying to solve the problem with an ulcerated toe by chopping off your foot. That 'highly educated' 'intelligent' people keep on falling for this narrative time and time again notwithstanding all the evidence showing its corrupt nature is flabbergasting.
Does this mean there is no problem when such a large fraction of a country's wealth is concentrated in so few hands? Nope, it certainly can be a problem and has been shown to be so when these few hands use their influence to further their own interests to the detriment of those of the country. The same is true for places where the narrative pushed by the armchair revolutionaries is enacted, the difference is that instead of a few monied interests pulling the strings there tend to be a few politically well-placed individuals doing so. Trying to solve the problems related to extreme wealth concentration with the dissolution of private property - which is what the narrative comes down to - is just as silly as trying to solve the problem with an ulcerated toe by chopping off your foot. That 'highly educated' 'intelligent' people keep on falling for this narrative time and time again notwithstanding all the evidence showing its corrupt nature is flabbergasting.