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OK so its not only about luck and existing capital. >Moreover, a "self-made billionaire" is just a drop on the global pool of wealth. We are not talking about
by nonethewiser 1y ago
OK so its not only about luck and existing capital.
>Moreover, a "self-made billionaire" is just a drop on the global pool of wealth.
We are not talking about the global pool of wealth - we are talking about capitalism which is decidedly smaller. You can take out Putin, Saudi Aramco, etc.
- coliveira 1y ago> we are talking about capitalism which is decidedly smaller not true. The size of the capitalist US economy dwarfs Saudi Arabia and Russia combined.
- nonethewiser 1y agoThat just proves my point harder. Because despite having the smaller, non-capitalist economy, Putin is likely richer than the richest US capitalist. In any case, you should be able to see how its not only about luck and existing capital.