134. The problem with accumulation

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 Capitalism as described by Adam Smith, its ideological father, is based on the accumulation of capital, which keeps the system operating. The capitalist (in modern terms, the entrepreneur, as for Smith the capitalists were the factory owners) accumulates wealth to reinvest it in additional means of production, growing his capacity and as a result his competitiveness. This in turn increases general wealth, as more competitive production means cheaper consumer goods. Alas, the XXI century is very different to the XVIII. A large proportion of global wealth today is unproductive, tucked away in tax havens and invested in obscure assets, not engaged in tax paying, employment creation or productivity increase. This robs the population of the benefit of accumulation, without benefitting the accumulator, who has nothing to show for it other than an inflated bank balance. Our system needs to find a new way to employ accumulated capital in the productive delivery of society’s objectives

Length: 992 characters 

Comments

Elia Vivero said…
Estoy de acuerdo. Cada vez el dinero está e hin menos manos y no reviertea la sociedad1
August 12, 2020 at 12:45 PM
SantiDominguezV said…
Cierto, la distribución es nuestro gran problema y, lo que empeora las cosas, ni siquiera beneficia a nadie, ni al que lo tiene. No hay diferencia práctica entre tener 1,000 millones y 10,000 millones, el número, a todos los efectos, es el mismo. Sólo es distinto para la avaricia y la soberbia, subir puestos en el ranking para que todo el mundo vea lo rico que eres. Tu vida, aparte de eso, seguirá tan llena o vacía como lo estaría con el otro número. Y, si lo que llena tu vida es ese orgullo y esa soberbia, tu vida está vacía.

Es triste que gente con los recursos económicos para cambiar miles o millones de vidas, para mejorar el mundo en el que viven, prefieran acumular ignorando el hecho de que pronto estarán muertos y que, muertos, los sacan del ranking...
August 16, 2020 at 1:17 AM
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