The only purpose of wealth these days is to create more wealth. These accumulated assets are not serving any productive purpose, directly or indirectly: https:

The only purpose of wealth these days is to create more wealth. These accumulated assets are not serving any productive purpose, directly or indirectly: https://en.wikipedia.org/wiki/Financialization#Roots https://en.wikipedia.org/wiki/Financialization#Roots >In the United States, probably more money has been made through the appreciation of real estate than in any other way. What are the long-term consequences if an increasing percentage of savings and wealth, as it now seems, is used to inflate the prices of already existing assets - real estate and stocks - instead of to create new production and innovation?