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Literally anything you do with wealth can be described as "investing". Therefore it's implausible that investing innately creates more wealth - there is an opp
by throwaway2245 6y ago
Literally anything you do with wealth can be described as "investing".
Therefore it's implausible that investing innately creates more wealth - there is an opportunity cost.
(In this case: the opportunity cost is first giving everyone a decent standard of living, so that everyone can have wealth and invest wealth and create more wealth, as you say)
- chii 6y ago> Literally anything you do with wealth can be described as "investing". except for spending it on consumption. > ... implausible that investing innately creates more wealth - there is an opportunity cost. the _only_ thing investing wealth does (or hopes to achieve) is to increase the amount of wealth that exist, and most importantly, capture that increase as much as possible. "giving everyone a decent standard of living" is indeed an increase in wealth, but this increase is uncaptureable by the investor. Therefore, i will say that this sort of "investment" is more closely described as charity than investment.