@scott there is a market cap and wealth extraction has shrunk it for the common person.
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@scott there is a market cap and wealth extraction has shrunk it for the common person. it goes beyond "head start"
say you have 5 people on an island, 1 of them controls 80% of the resources, the other 4 each equally control 5% of the resources. that isn't sustainable. a market cap of 20% is not enough to sustain 4 people in the short term let alone in perpetuity
same thing but on a grander scale with rich people extracting more and more out of the "market cap" of everyone else...
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@scott there is a market cap and wealth extraction has shrunk it for the common person. it goes beyond "head start"
say you have 5 people on an island, 1 of them controls 80% of the resources, the other 4 each equally control 5% of the resources. that isn't sustainable. a market cap of 20% is not enough to sustain 4 people in the short term let alone in perpetuity
same thing but on a grander scale with rich people extracting more and more out of the "market cap" of everyone else...
@scott it's the same kind of question as "what happens to consumerism when the consumers run out of money"
