ElM, you are of course right that spreading capital more evenly is a good thing. That's what the British Empire did.
They had huge capital and spread it around the world to the grateful local yokels, who then, when Britain slowed on the delivery of new capital due to exigencies of WWI and WWII and the fact of too many "entitled" people being like The Rake's Progress, decided to confiscate the capital stuck in the country and run it themselves, which involved some barbarian with a bunch of armed thugs putting on a silly hat, calling himself President, opening a Swiss bank account, and making hay while the sun shone and the country went down the gurgler.
That's what I tried to get BP to do in the 1980s = set up R&D in China and hire swarms of IQ 160 women [women because they were typically repressed and "less valuable" as shown by China's male/female ratio [which TJ denied]].
That's what I am doing right now. My company, QUALCOMM, is hiring many people in China and around the world to do great CDMA/OFDM things and a lot more besides. You can feel the force of the current from the high voltage from "CDMA present" to "No CDMA present" which is more like lightning than a current in a copper wire. The thunder is rolling around the world. My capital is spreading like wildfire.
I continue to own the capital and the force of the capital enables good things everywhere, such as you keeping fit up the poles. These days of course, you don't even have to climb a pole. CDMA antennas are unobtrusive simple little affairs built into the top of light poles with a discreet little base station tucked away nearby. They don't even require civil engineering [not much - a little bit of stress = My/I and a lump of concrete for the bolts at the base]. [Hmmm, [thinking out loud], I never noticed sigma = My/I = there must be some philosophical conclusion to be drawn there, My, I, I am, therefore I think, or at least I think I think].
I suspect however that by "spread the capital more evenly" you mean ownership transfers from me to you. That's the traditional meaning. I prefer my productive meaning which protects capital and does something useful with it. Those who steal capital usually destroy it.
Mqurice |
