3 ms·
What wealth would be able to go somewhere, or stay? Stashed gold is quickly dealt with by spending more than you earn. Palaces get abandoned, fall into disrepai
by usrusr 5y ago
What wealth would be able to go somewhere, or stay? Stashed gold is quickly dealt with by spending more than you earn. Palaces get abandoned, fall into disrepair and get divided up by squatters, in any order and concurrency. Anything marble needs a good excuse to avoid downcycling in a lime kiln.
Without something like a stock exchange, wealth means having actual productivity under your control and that has zero inherent stability. It's well possible to build and expand over generations while the productivity goes on and the system facilitating that control (e.g. a rule of law) remains undisrupted, but when either of that stops being the case nothing remains. When there's no authority that enforces whatever letters of ownership or contracts you might have, they are as immaterial as ETF shares in a paperless bank account that has just disappeared some day.