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We also should not lionize wealth. There are many people who inherit a lot of money, have a family that has a business network, that have really contributed no
by dv_dt 7y ago
We also should not lionize wealth. There are many people who inherit a lot of money, have a family that has a business network, that have really contributed nothing but are massively wealthy.
There are massively wealthy individuals who have collected value in one area, and use that wealth to negatively influence many other areas. We really should not give money that much of an advantage.
- awb 7y ago> We really should not give money that much of an advantage. What do you suggest as an alternative?
- dv_dt 7y agoIn general, tilt the system away from favoring money concentrations. Favor small business formation (and worker coop formation) with higher SBA loan funding. Put required worker representation on corporate boards (like Germany) of larger corporations. Do actual antimonopoly enforcement. Tax large corps more. Create more public ownership of housing and infrastructure.. it's all pretty mundane well trodden and reasonable practice for good governance. Exotic stuff would be government backed individual loan lines for citizens. The limit could be expanded on repayments but zero consequence if never repaid. The idea would be to open a window for entrepreneurship when right now, wages have basically squeezed out the possibility of most people starting any sort of business from savings. If you can make things grow, you get a larger limit. Basically decentralize loans.