''If you have two economies of equal size and productivity, one has a massive financial sector and billionaires while the other does not, the financialised economy will have less left over to invest in research, education, infrastructure, and healthcare.
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''If you have two economies of equal size and productivity, one has a massive financial sector and billionaires while the other does not, the financialised economy will have less left over to invest in research, education, infrastructure, and healthcare. Over time, it will inevitably fall behind the country with a smaller financial sector because it’s the other things that drive the economy and productivity"
www.baldurbjarnason.com/2026/the-old-world-of-tech-is-dying/
#billionaires #economics -
J jwcph@helvede.net shared this topic
