Quote:
Originally Posted by Mathgod
The reason why it's not green today is because of people like him hoarding his wealth instead of investing it in green energy R&D.
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Isn't his wealth mostly Tesla stock? Not exactly capital (in the sense of an asset that improves productivity). If he sold it for capital then someone else would be down capital and up Tesla stock.
This is why I call the stock market imaginary wealth. It's not imaginary for the person who owns it but for the actual entire economy what matters is how many factories there are, how educated the workforce is, what technologies have been invented, productivity etc. not what the stock market claims all companies are worth.