Re:Save like a pessimist, invest like an optimist
by ericmay on Monday November 16, 2020 @03:52PM
(#25116854)
Sure, but that filtering out means wealth is destroyed and you have to start over. The account resets to $0.00.
Also, these events "filter out" a lot more than just "lazy elite rich people". Plenty of productive rich people and regular every day people are filtered out as well.
The German car industry wouldn't have been thinkable hadn't the Germans invested a lot of research into building machines in a mass produced way, motor research, etc. Sure, the factories themselves were destroyed, but the engineers together with their knowledge remained.
In fact, there are theories that disruptive events are even helpful for economic progress in the long run because they filter out the lazy elite of rich people while giving opportunities for new ideas to be tried out, and hard working people to rise to wealth and influence.