| ▲ | salawat 2 hours ago | |||||||
...You are using "wealth" in a way completely foreign to how I have ever seen it used linguistically. The abundance of resources available to an individual that we call "wealth" colloquially being transferable or tradable is basically the hallmark of a market economy. It can absolutely concentrate within one, because if it can be traded, it can absolutely be not traded decreasing the velocity of that value transfer to zero. So... Yes. If only one or a handful of people are buying, because everyone else is having to sell to stay alive, then wealth does, in fact, concentrate. | ||||||||
| ▲ | WalterBright an hour ago | parent [-] | |||||||
Again, wealth is created, not "concentrated". The term "wealth" means the dollars you would get if you sold everything. > wealth does, in fact, concentrate Nope, because the people trading with you thought the exchange was of equal value, or they wouldn't have engaged in it. | ||||||||
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