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What he's describing is communism. Since he won't actually control his business anymore, there won't be any need to raise capital.


I'm not saying seize the means of production. I'm saying "stop putting all of the money into places where it does no good". That's simple as giving a pay raise without a corresponding price increase to offset the costs to shareholders, who often have no real association with the enterprise.

The entire premise of an economy is people exchange money for goods and services. Instead of having money available for that exercise, we've locked a lot of the value produced into equities that are left mainly as unrealized gains. The unrealized gains must continuously go up while the ability for people to participate in the economy by spending money that they earned has gone down, because they receive less of the share of their labor.




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