Capital clusters together.
CategoryReading Notes
In a region that respects market principles, business owners are more willing to reinvest their profits. When those in power don’t bully those with money, capital is more likely to embrace long-termism, to snowball, and to grow bigger.
But when the powerful oppress the wealthy, and the wealthy oppress the poor, everyone ends up broke.
The powerful bullying the wealthy makes them uneasy; they’ll take their earnings and leave rather than invest locally.
The wealthy bullying the poor is like merchants mistreating their customers. If businesses don’t treat customers as their priority, how can they make money?
So if things go this way, the result is nobody profits, and we all stay poor.