Total billionaire wealth in the EU reached €2.4 trillion by late November, exceeding Italy's entire GDP of €2.2 trillion and approaching France's €2.9 trillion economy, a new Oxfam report found.
  • Dr. Moose@lemmy.worldEnglish
    26·
    5 hours ago

    So tired of this tbh - I just don’t understand how anyone thinks wealth consolidation to few could be a good thing.

    Even if you ignore ethics and assume the billionaires are benevolent - it’s just a bad investment to invest majority of resources to a small number of investments. Does any successful large project hold 99% of their investments in few projects? It’s absurd.

    It makes absolutely zero sense no matter how you look at it unless you’re truly full in on delusion that benevolent dictators exist and are impossible to corrupt or overtake.