In praise of capital accumulation in one easy to read chart.
What do you care about?
What do you care about if you have just $20 to your name? Today. You care about finding food and shelter right now.
What can you care about if you have $100,000,000 to your name?
You can make a difference in the well-being of the world and your grandkids.
If we all had just $20 to our name, the world would be cannibalized. If we all had some degree of wealth, we could care about investing in the larger world and the future.
Humans are still human with all of our flawed humanity. Money doesn’t change that. Politicians who want to limit wealth and tax it are incentivized for the short term.
But…for those who want a better world, that can’t happen if we all have just $20 in our pockets.
Let’s praise capital accumulation acquired by delivering value.