Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

There will be plenty of money to be made serving the needs and interests of the wealthy, while the rest of us are serviced by an informal economy that doesn't see institutional investment.

Look at street markets in countries with high wealth disparity. The well-off wouldn't shop or eat there, and they certainly wouldn't invest in a street vendor, the vendors are meant to serve the needs of people in poverty.

See Citigroup's plutonomy paper[1] that explores what that would look like and what investment strategies investors should take. The tl;dr is that the formal economy will abandon lower classes in favor of making a ton of money serving plutocrats and their friends and families instead.

[1] https://delong.typepad.com/plutonomy-1.pdf



Same as it always was except from the last few decades.


That is to say we have much to lose.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: