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No such thing as wealth hoarding in practical terms. You'd have to keep cash under your mattress to actually be wealth hoarding. What is popularly perceived t
by digz 13y ago
No such thing as wealth hoarding in practical terms. You'd have to keep cash under your mattress to actually be wealth hoarding.
What is popularly perceived to be wealth hoarding (people worth millions/billions) are really doing no such thing. Virtually all of that wealth is invested in one way or another. Stocks, bonds and even savings accounts result in economic value being moved to those who can use it most effectively (i.e., VCs, cities building bridges, companies expanding, etc.).
- PythonicAlpha 13y agoOnly partly true. Buy "investing" the wealth increases -- and thus the inequality in the world. Of course in the brochures of Capitalism you see only the positives. But more and more the negatives are available too. VC companies roaming the world for land to buy and press out for investments. Local farmers can not anymore afford the prices for land and thus have to surrender -- and become paid employees. Many people become slaves of these VC companies -- they by companies for profit and when the profit is gone, they dump the companies. It is happening all over the world. The profit margin has to increase ever more to appease the investors. This profit sensation has brought us thus far, that wealth gets more and more unequal divided and many people are exploited in sweat-shops in poor companies but more and more also in rich countries as in Germany. Please don't tell us about the high-colored brochure Capitalism!