2 ms·
The problem is consolidation. If more and more earn and own less and less, while less and less earn and own more and more,this creates power imbalance, impedede
by igk 10y ago
The problem is consolidation. If more and more earn and own less and less, while less and less earn and own more and more,this creates power imbalance, impededes real growth( as in, new value being created due to Innovation. A balanced portfolio motivates less than starting the company/research yourself) and since the investors still want a return, even without growth, somebody will get shafted. There are people dying in London because their fridge was shut of, causing their insulin to go bad. why did get shut off? Because they did not have the money to pay for electricity.
Mind you, this all goes out the window if a good , if austere life is guaranteed somehow, then capitalism and consolidation away.