Re:Why Dumb Ideas Capture Smart and Successful People
by mikeyouse on Sunday November 19, 2023 @10:33AM
(#38333556)
To wit, I live in a mid sized town in the Midwest - about 80 years ago a family started a business that was pretty successful and is on its third or fourth generation of ownership now — that’s all well and good but it’s insane how much of the town is owned or directed by them now. Do you want to buy a car, foreign or domestic? Host a convention? Rent a hotel room in the urban core? Put on a concert? How about go to the hospital or buy health insurance? Go to college? Send your kid to preschool? Build a commercial building?
Capital begets capital.
People who are well off have more opportunities to start other ventures that make them even more well-off, and if they're especially powerful, they can use that influence to further their benefit. I don't think that's particularly controversial.