[Neil44]

The Guardian is pretty left wing so they're not going to look too closely at the numbers if they say what they want them to say. These kind of articles always imply that it's some kind of zero sum game which irks me because that's so clearly not true.

[peterfirefly]

And so is Oxfam. Oxfam always pumps out propaganda like this, year after year.

[lock-the-spock]

Oxfam does PR but they are first and foremost a charity feeding and providing shelter and healthcare to millions around the world. Maybe the perspective they take is influenced.by their staff watching people suffer and die from preventable deaths each year.

I would love to hear someone sa similar thing about Coca Cola or Kellogg's "Oh they pump out all this propaganda".

[peterfirefly]

Lots of people do say that about industry as a whole or about specific sectors of industry.

[lock-the-spock]

Why is it not true? Sure stock value is more or less theoretical but this is not all stock. Any euro or dollar going towards Amazon or Tesla shareholders does not feed back into the local economy and cannot support roads, kindergartens and retirement homes.

[mlrtime]

It's clear that people who don't understand financial theory should not be making policy decisions. Wealth is not 0 sum. You use these words "roads, kindergartens and retirement homes" to elicit a emotional response to try and manipulate opinion. I see this often and it is frustrating, but it's what good politicians do when they can't use facts.

JUST AN EXAMPLE: Tesla is in the S&P 500. Teachers pension funds invest heavily in the market.

https://www.barrons.com/articles/pension-bought-tesla-schwab...