He's generated hundreds of billions for his investors, which include millions of small investors. In what exact way has he caused economic damage to society?
No, the workers have generated billions, not him. But he and his ilk damage the society by pressuring the company mgmt to perform layoffs and cut costs until shit hits the fan. Have you not heard of the struggles of workrs at one of "his" companies regarding the sick leave, have you not heard of the East Palestine, Ohio disaster (I know - not his company, but may have been as well), precision-scheduled railroading and how it completely messes up the lifes of the workforce affected. Did you sleep over the increasing push for RTO so the billionaire class could keep the value of "their" real-estate? The lives of people and environmental impact be damned! The letter of that investor to Google CEO, asking for even more layoffs, commending him for a well-done round one? Finally, have you been living under the rock and have not heard the steady talk of "incoming recession", well for more than 12 months now, the Fed's Powell openly calling for higher unemployment rates and lower salaries. That CNBC talking-head from a few months ago, saying effectively, people still had too much money in their savings accounts? One gets an impression they seem to really, really want to spark the next recession. Are you perhaps too young to remember the credit crunch of 2008? Hint - do a bit of research on Uncle Warrens wise investment decisions leading up to that crisis. Well yes now, one does wonder, how the hell did the likes of WB exactly cause economic damage to the society?
You’re saying “incorrect” like there’s universal agreement on the subject. One can (and many do) just as easily argue that the rate of return on capital investment always exceeds economic growth in the long run. Over time, the resulting income inequality destabilizes society and leads to outcomes undesirable to everyone, like getting your head cut off by an angry mob.
if you believe this, capital investment does not make society better overall absent controls which insure income inequality cannot grow unchecked.
I’m not saying this is inarguably the truth, but if millions of people read “Capital in the 21st Century” then it’s at very least not a fringe idea, and one cannot simply dismiss criticism of investment as it exists in our economy.