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A comment on Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]. Parent comment

Re:Thomas Piketty’s Capital in the 21st Century, in 20 minut... by wyager on Saturday October 29, 2016 @05:56PM (#12826634)
The fundamental premise of your argument - that investment "isn't productive" - is entirely wrong. Investment is what provides capital for growth.
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Re:Thomas Piketty’s Capital in the 21st Century, in 20 minut... by tmnvix on Saturday October 29, 2016 @09:12PM (#12827512)
You assume all investment is useful. Property speculation is an example of what I would call 'unproductive' investment.
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Re:Thomas Piketty’s Capital in the 21st Century, in 20 minut... by ryandrake on Sunday October 30, 2016 @02:47AM (#12828511)
If I buy stock in Company X, it doesn't go to Company X, it goes to some other dude who sold me that stock. How is that "providing capital for growth"? It's a casino.
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Re:Thomas Piketty’s Capital in the 21st Century, in 20 minut... by wyager on Monday October 31, 2016 @11:10AM (#12837430)
Who do you think sold that stock in the first place? Company X, to raise capital. If there weren't people willing to buy company X stocks in he future, they would be unable to sell them when they needed capital.
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