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The fundamental premise of your argument - that investment "isn't productive" - is entirely wrong. Investment is what provides capital for growth.
by wyager 10y ago
The fundamental premise of your argument - that investment "isn't productive" - is entirely wrong. Investment is what provides capital for growth.
- tmnvix 10y agoYou assume all investment is useful. Property speculation is an example of what I would call 'unproductive' investment.
- ryandrake 10y agoIf I buy stock in Company X, it doesn't go to Company X, it goes to some other dude who sold me that stock. How is that "providing capital for growth"? It's a casino.
- wyager 10y agoWho do you think sold that stock in the first place? Company X, to raise capital. If there weren't people willing to buy company X stocks in he future, they would be unable to sell them when they needed capital.