Maybe it's time the economy shifts from having to prioritize the investors for everything
replyYou 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.
replyThe 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.
reply> The rich don't have money, they have assets
replyYeah, we're talking about the same thing.... the word for a rich person who exchanges their cash for non-cash assets is "investor"
> It doesn't matter if the rich buy or sell a farm in Canada, the farm is still in Canada.
replyHave 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.
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replyWe 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.
replyYou certainly don't need economic investment to become "rich" in culture, enlightenment, or humanity, for sure. And there is value to that.
replyHowever, financiers played an indisputable role in the current state of economic wealth in today's world.
Indisputable role in economic precarity, more commonly known as wage slavery.
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