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The rise in the inequality of wealth has led to an excess of capital and a lack of demand for it to fill. It's not just the US: around the world there is more
by roguecoder 14y ago
The rise in the inequality of wealth has led to an excess of capital and a lack of demand for it to fill. It's not just the US: around the world there is more people who want to invest than there are people with money to spend on the things they might make.
- eli_gottlieb 14y agoSo we get "job creation start-ups", aka bubble businesses. The only winning move is to break the rules of the game by simply redistributing wealth/income to people who don't have it to spend. Well, that or to build a luxury rich people will pay for.
- NoPiece 14y agoIsn't rich people investing in bubble businesses effectively wealth redistribution?
- eli_gottlieb 14y agoIf the investment comes in the form of equity and is used to pay salaries, yes. It's the stupidest form of wealth redistribution.