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Maybe it's time the economy shifts from having to prioritize the investors for everything
by QuantumFunnel 5mo ago
Maybe it's time the economy shifts from having to prioritize the investors for everything
- kube-system 5mo agoYou don't have to prioritize them. You can choose to encourage the rich to hoard their money elsewhere. But there are consequences to every policy decision.
- post-it 5mo agoThe rich don't have money, they have assets, and those assets can't go anywhere. It doesn't matter if the rich buy or sell a farm in Canada, the farm is still in Canada.
- kube-system 5mo ago> The rich don't have money, they have assets Yeah, we're talking about the same thing.... the word for a rich person who exchanges their cash for non-cash assets is "investor"
- cucumber3732842 5mo ago> It doesn't matter if the rich buy or sell a farm in Canada, the farm is still in Canada. Have we learned nothing from what happened to the US's industrial economy. If you turn the farm into an obviously poor investment it'll go tits up because neither wall street nor main street is dumb enough to invest money into a losing proposition.
- cindyllm 5mo ago[dead]
- throwaway173738 5mo agoWe got rich by not prioritizing the needs of investors in the first place. Maybe we need to start prioritizing the needs of the larger society again.
- kube-system 5mo agoYou certainly don't need economic investment to become "rich" in culture, enlightenment, or humanity, for sure. And there is value to that. However, financiers played an indisputable role in the current state of economic wealth in today's world.
- alexashka 5mo agoIndisputable role in economic precarity, more commonly known as wage slavery.
- kube-system 5mo agoEconomic uncertainty is negatively correlated with market capitalization per capita.
- alexashka 5mo agoSlavery is positively correlated with market capitalization per capita.
- kube-system 5mo agoIt is not.
- alexashka 5mo agoIt is. Good talk.
- kube-system 5mo agoYou're factually wrong. Graph any Global Slavery Index against market capitalization per capita -- you get a negative correlation.