It's not individual savers, but institutional investors that collectively hold ~$100tn, as estimated by the IMF. They're risk-averse, which leads to rent-seekin

It's not individual savers, but institutional investors that collectively hold ~$100tn, as estimated by the IMF. They're risk-averse, which leads to rent-seeking. That's $100,000,000,000,000. I don't get to write that many zeroes very often. The article argues that we would all be better off if that money were spent on the common good -- infrastructure, green tech, education, even ag & manufacturing -- rather than being put into buying up what used to be the public sector and putting a price on it without improving it. Of course, how to make that happen is a hard question.