We are in an economic slowdown. But it is only a slowdown. Not a stop. People are adding value to the world all the time. Anytime people renovate a rundown house or invent a new product or a well planned trainline they are creating wealth.Hi,
I've never really understood how wealth seems to be apparently infinite, surely there is a limit to resources and combinations of how they can be used? Why has there been an economic crisis during Covid, the money is all still there somewhere isn't it?
And say if I was suddenly able to sing, and a record company makes millions from me. Does every person on the planet have wealth generation potential value? Or is there a limit?
Warren Buffet himself one of the worlds wealthiest men said that his skill in asset allocation was only applicable in highly structured countries where the rule of law applies, he would have achieved nothing in Africa. Also the massive wealth involved in the technology area now could not happen in Africa therefore the rule of law is fundamental to wealth creation.The rule of law ties all these things together.
What is the limit in Ireland I wonder. Where would I find the law that deals with this?... there are limits that countries place on how much one man can own.
Africa isn't a country.his skill in asset allocation was only applicable in highly structured countries where the rule of law applies, he would have achieved nothing in Africa.
What is the limit in Ireland I wonder. Where would I find the law that deals with this?
Probably there should be. Such a tiny country, there should be limits (Probably too late now).There are no limits to the holdings of wealth in Ireland.
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