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I guess I just feel like idle capital is the devil's plaything. While it could be available for R&D, isn't it more likely to go towards lobbying and bending or
by Obscurity4340 3y ago
I guess I just feel like idle capital is the devil's plaything. While it could be available for R&D, isn't it more likely to go towards lobbying and bending or breaking the law while maintaining a war chest to discourage prosecution/accountabillity?
- deleted 3y ago[deleted]
- guidoism 3y agoThat “idle capital” is pretty central to the Ben Graham way of doing things. You keep it around waiting for a great investment. Weird things happen like when silver crashed in price for a couple of days in 2020.
- Obscurity4340 3y agoNobody's arguing against the capitalist perspective in the sense that I don't question their methods to access and grow more/their existing capital. I'm saying I believe it is bad for pro-social ends and society and that we should be striking a better balance in ensuring we keep the money moving in a trickle up fashion if at all
- Obscurity4340 3y agoOr bubble up. Whatever the medium that is implied by this example should be viscous and sticky as shit tho.
- Obscurity4340 3y agoSaying nothing of corporate buybacks of company stock