• agnomeunknown@lemmy.world
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    1 year ago

    People accuse leftists of idealist thinking but in what fantasy world are you thinking your personal savings from selling your labor is ever going to come close to what would be considered “capital” in the sense being discussed here?

    • huge_clock@lemmy.world
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      1 year ago

      It’s directly deployed in stocks and real estate, what do you mean?

      Most capital is “collectively owned” through public corporations, pension funds, etc.

      • FluffyPotato@lemm.ee
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        1 year ago

        Not most, in the US around 400 individuals own over 50% of wealth. Similar situation in Russia.

        • huge_clock@lemmy.world
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          1 year ago

          You’re right that wealth is concentrated, but I was saying that the assets are collectively owned. For example I am a shareholder of Amazon, a publicly-traded company that Jeff Bezos owns a large stake in. So Amazon is “collectively owned” but each share gets one vote instead of one person.