The reality is that since its inception the U.S. has been an open, free economy that let wealth, including vast wealth, flow to dreamers, geeks and college dropouts whose unpredictable success multiplied into greater wealth for others.
Most of them will fail, as always, but from a few survivors enormous new wealth will flow.
Just changing the way business is done, if only by a few companies, can change the flow of wealth, ease and eliminate poverty, and leave us all with something better to worry about.
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True, money will continue to flow into these wealth managers, but the concern is its hefty growth may slow down.
After launch, your app is in the Apple App store, Google Play or elsewhere and a wealth of information starts to flow including reviews and ratings, tweets, and usage statistics.
Under capitalism, wealth is less a stock of goods than a flow of ideas and information, the defining characteristic of which is surprise.
We spend our meetings talking about their cash flow surpluses and how to best position their growing wealth, rather than how to make it to the end of the month.
But this is an expression of wealth, a stock, not of income or earnings, which is a flow.
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The boom turned to bust as complacent American policymakers across the political spectrum forgot that the sources of wealth, such as hard work, invention, and policies that permit a free flow of information, must be constantly renewed.
Some of the extra saving will also flow abroad, which will eventually boost national income through the investment returns on national wealth held overseas.
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