The Investment Implications of Inequality
“Capitalism is a dynamic force where change is the only constant. The old is displaced by the new, which is why the system flourishes. It gives birth to innovation and new technologies and better jobs. But with all of the wonderful things that it has has delivered, it isn’t perfect, and one of the nasty byproducts of free market capitalism is power ultimately becomes concentrated in the hands of the few.”
I absolutely insist you read this today. It explains so much about the economy, inequality, markets, pensions, the retirement crisis and what to expect in the future.
The Scapegoat (Irrelevant Investor)
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