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133 sats \ 2 replies \ @SimpleStacker 11h \ on: Why Bernie Sanders Should HATE Sweden (Financial Times, Ruchir Sharma) econ
Seems very foolish to me to think of one kind of wealth as good or bad.... I get where they are coming from, but in some ways real estate and commodities are measurable tangible things that improve human welfare, whereas tech is much more... abstract shall we say.
Can we really say that the wealth accumulated to Mark Zuckerberg is "good wealth" in the sense that it has made humanity better off?
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122 sats \ 0 replies \ @Undisciplined 11h
Seems very foolish to me to think of one kind of wealth as good or bad
In principle, I agree, but I could see where certain industries would have more rents than others. That would make this a useful thing to track for class resentment purposes.
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30 sats \ 0 replies \ @denlillaapan OP 11h
yeah, you're right in general I think. The difference being that tech (or manufacturing) is much less money-supply/interest rate sensitive, and has taken on much less of a money premia role.
To my mind that means they're more pure commodities, whereas all of real estate and luxury art etc are money substitute
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