The ultrawealthy are now so wealthy there are not enough private assets for their cash ... Archived Message Posted by Shyaku on March 16, 2019, 6:48 pm, in reply to "Let's bring probation into public ownership" This is literally true. Privatization doesn't exist for profit, it exists because there is insufficient value in privately owned assets for the ultrawealthy to invest in. I am not sure we have ever been in such a situation before. The ultrawealthy, who own the political system anyway, cannot keep their wealth in fiat currency, it has to be in hard assets. They have to put it in something, even at almost no interest, because of the inflationary erosion of cash. They need to own all public assets to keep their wealth out of cash where wealth erodes. - Shyaku. Message Thread: Let's bring probation into public ownership - Tomski March 16, 2019, 9:52 am For context: In response to financial collapse of Interserve - Tomski March 16, 2019, 5:10 pm The ultrawealthy are now so wealthy there are not enough private assets for their cash ... - Shyaku March 16, 2019, 6:48 pm   Searching