Agree! I think there is a point of “optimal utility” beyond which accumulation of wealth for the sake of it stops making sense (or just through influence of large numbers - eg once you have billions, lowest compounding interest still creates massive amounts of wealth alone). It seems similar to the whole monopoly topic - consolidation/an…
Agree! I think there is a point of “optimal utility” beyond which accumulation of wealth for the sake of it stops making sense (or just through influence of large numbers - eg once you have billions, lowest compounding interest still creates massive amounts of wealth alone). It seems similar to the whole monopoly topic - consolidation/and desire for consolidation/growth is beneficial to society up to a certain point/with certain conditions/in certain areas. Beyond which too much consolidation starts to have lots of negative externalities.
Agree! I think there is a point of “optimal utility” beyond which accumulation of wealth for the sake of it stops making sense (or just through influence of large numbers - eg once you have billions, lowest compounding interest still creates massive amounts of wealth alone). It seems similar to the whole monopoly topic - consolidation/and desire for consolidation/growth is beneficial to society up to a certain point/with certain conditions/in certain areas. Beyond which too much consolidation starts to have lots of negative externalities.