Earlier quoted context omitted.
I wholeheartedly agree with and encourage this kind of academic distinction. However... Until people with billions of dollars behind them do something with that money to offset the financial hardship that they're knowingly - and gleefully - bringing to others... The distinction has no practical use. (And before someone says "that's the government's job!", consider how much lobbying money is coming from CEOs and compa…
How much actual money do you think the “people with billions of dollars” have in comparison to the needs of the population as a whole? I think you’re very confused about where the actual income in the economy goes.
Perhaps what's happening is that in their attempts to reach a personal all-time high in their bank accounts the ultra-wealthy are destroying value and economic systems en mass with little regard to the efficiency of their money siphoning process?
It's kind of like a drug dealer selling brain burning addictive substances to a few people on a street. Sure they're going to extract a person's life savings to date and whatever money that person can steal once they're addicted but that value pales in comparison to what that person could have made over their career, what it could have made if properly invested, the cost of law enforcement to deal with these addicts, the cost of the stuff that they destroy in their quest to get money to buy drugs, the opportunity cost of them not raising their kids to be productive members of society... like it all just snow balls all so some asshole can make a few bucks...
The ultra-wealthy are doing that shit where people burn acres of pristine forests to get some biochar -- but to the entire world.
Isn’t it strange
That princes and kings,
And clowns that caper
In sawdust rings,
And common people
Like you and me
Are builders for eternity?
Each is given a bag of tools,
A shapeless mass,
A book of rules;
And each must make-
Ere life is flown-
A stumbling block
Or a stepping stone.