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Wealth is tremendously concentrated into just a few countries, yes. Those countries consider that concentration a strength, because it allows them to do things
by oldmanjay 11y ago
Wealth is tremendously concentrated into just a few countries, yes. Those countries consider that concentration a strength, because it allows them to do things that countries with a lower concentration of wealth cannot even contemplate.
By what definition can it be considered a weakness?
- ethanbond 11y agoI think parent comment means the concentration of wealth to certain people within a country relative to others within that same country. That is, already-wealthy VCs are still seizing lucrative opportunities on private markets (as pointed out). It's just the public that isn't able to participate because companies aren't going public.
- sharkweek 11y agoNot trying to say VCs are holy, but... they are investing, in large portion, the public's money, just in the private marketplace. Pension funds, insurance, family offices, etc., are all active in venture, and that's all "our money" as well.
- oldmanjay 11y agoThat may well be true but I was charitably assuming the poster was trying to be on-topic.