People can seek capital from whomever they want. But it’s also true that outside capital is useful. If my community has lots of resources and no ideas about how to use them, then the world is better off if I take my resources and find an under-resourced entrepreneur in a less wealthy part of the world to invest in. That’s what capital represents.
...and then you have a bunch of money and resources, and your community has nothing because you took it all out. Then your community wants to redistribute the wealth (because they see how unfair the results were to them), you and your followers scream "COMMUNIST!" at them, and we wind up in a right-wing authoritarian situation instead.
Please stop believing you are telling me something that I do not already know.
I’ve been following finance for decades.
American communities are under financed because of capital extraction to improve margins. It’s a mathematical fact which carries far more weight than your hand wavy generalizations.
The extraction has decimated US communities, empowered slave labor across the globe, and entrenched power in hedge funds.
Do the actual research instead of parroting cable news sound bites.
The same pattern happened when manufacturing was pulled from cities to rural areas 100 years ago. This time the capital was pulled from rural areas and sent overseas simply to improve profit. We can decimate the planet on any continent. We do it in Asia to externalize real costs and boost financial margins.
