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But this money won’t probably be spent further in any ”productive” way, they will be locked in some financial tools that will only help extracting funds from th
by demosito666 1y ago
But this money won’t probably be spent further in any ”productive” way, they will be locked in some financial tools that will only help extracting funds from the real sector, which is what one probably really cares about when they say that “money should work”. It’s not similar to a government investment in building a bridge which, while it’s also spending state money, creates ripples of economic activity involving thousands of people and dozens of industries.
- deleted 1y ago[deleted]
- victorbjorklund 1y agoThe seller now has 20 million to spend. The money just moved from A to B.
- demosito666 1y agoMost likely they will not be spent, rather they will be put into some fund with the only observable effect of further increasing financialization.
- cejast 1y agoThat is a very broad generalization. Even if it was 'put into some fund', that equates to a capital investment which can be used to deliver value elsewhere. Money is complicated - the only way in which I would see it get truly wasted is if you took it out as cash and burnt it. Even then you'll be (marginally) raising the value of all other money left in the system.