Are there things that happened that allowed those investors to keep so much of this money just for themselves rather than to reinvest it back in? 00:07:33 - This is where I bring in the concept of wealth supremacy because the whole system is designed to maximize financial income for those who have financial wealth, which is the wealthy, also institutional investors.
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for: definition - wealth supremacy
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definition: wealth supremacy
- is the condition of an economic system that is purposely designed so that those already in possession of a great deal of wealth can at the minimum maintain their share, but more proactively to grow it
- by definition, wealth supremacy is designed to maintain inequality
- since carbon inequality tracks wealth inequality, this system is designed to maintain climate injustice