Quote:
Originally Posted by Jim in CT
no. to assume there has to be a connection, is to assume that wealth is finite, that it’s a zero sum game, that one person getting richer must get offset my someone else’s getting poorer.
do you believe that’s the case?
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Simply put, Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources.
Control of the distribution of resources enables some to accumulate an amount of wealth that is not commensurate with their investment or the commensurate risk of what they have invested.
This is achieved by political control of laws and regulations to ensure that the controlling parties risk is minimized and return maximized.
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