cross-posted from : https://lemmy.zip/post/57305272
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.
Archived version: https://archive.is/20260118190308/https://euobserver.com/health-and-society/ara3abf5ee


Yes. But it’s the same logic in different spheres. Just as you wouldn’t concentrate resources in one industry, because it amplifies your exposure to market fluctuations and creates greater uncertainty. So too, you wouldn’t concrentrate resources in one person, because it amplifies fluctuations in their decision-making policy and… Creates greater uncertainty.
I love putting the eggs in one basket.