4 ms·
Ignorance and mediocrity have much more explanative power than malice
by SemanticStrengh 4y ago
Ignorance and mediocrity have much more explanative power than malice
- dqpb 4y agoI don't think it's malice. I think wealthy people are predominantly focused on keeping their fortune in-tact, and growing. I don't think they feel a great responsibility to spend it. But, in my view, the whole point of capitalism is to allocate decision-making authority to those who make good decisions. If it gets allocated to people who choose to defer those decisions indefinitely (by not spending the money), then I think that's a major failure of the system. It may be that not spending the money is the best decision. But, as someone who see's opportunities for improvement literally everywhere, I fail to see how that's possible.