

Most people with that little money aren’t going to go out of their way and assume the risk of investing in new ventures. They’re going to put it in some managed or unmanaged fund recommended by someone else, and that money is going to be invested in something safe and presumably profitable on an infinite time scale, like a megacorp (or 500).
It would amazing if the everyday worker’s savings went towards aiding the local community in starting new businesses, but I wouldn’t count on that being the default.




Authoritarians need to project an appearance of peerless strength, intelligence, and infallibility. The people who fanatically believe their policies will directly lead to what was promised aren’t doing it on the basis of those policies, but instead on the trust of the confident strongman who made them.