3 ms·
I think this is true in agggregate and over the longer term - but can run into collective action problems where the narrow interest of some is to get richer qui
by cbzbc 7y ago
I think this is true in agggregate and over the longer term - but can run into collective action problems where the narrow interest of some is to get richer quick or who can perversely help themselves in the short term by ruining others.
Equally there’s the possibility of some of the rich not really understanding this or not buying into this philosophy- look at some of the countries with increasing inequality and a disappearing middle class and you’ll always find some lobbying against spending money on services - including things like education which serve as an economic common good and which drive the economy over the long term.