alt Hacker NewsFree movement of capital and the ability to identify promising projects and allocate our resources there are why our society is prosperous and why we are able to devote more resources towards healthcare than any society that has ever come before us.
This money is managed by small amounts of people but it is aggregated from millions of investors, most of these are public companies. The US spends over 10x that amount on healthcare each year.
Replies
bbqfog • 01/22/2025
Having to spend thousands for insurance every year (even if you’re totally healthy) and not having it even be remotely effective, is not my definition of “prosperous”.
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Is that why I, and a lot of other people my age, have a lower standard of living than my parents did at the same point in their lives?
The "free movement of capital" only ever seems to move the capital one direction: up to the people who needed the labor of others to reach such wealth.