In the UK, the government allocates about $500 million a year to cancer research. At the same time, private individuals can invest an equivalent amount ($500 million) into purchasing a single football club. Which investment holds greater value for humanity?
In the process of the football club changing hands for $500 million, what resources are destroyed?
Youre absolutely right! I have to admit, I gave a pretty poor example sorry for that stupidity. I see my reply didnt land well with many. got 5 downvotes for it -which I assume are from football fans whose feelings got hurt by that clumsy analogy. So let me be clear: I have great respect for football and its fans, and I didnt mean to offend anyone. Hope you can forgive my blunder!
That said, I do have a question: do you have any concerns about the actual proposal in the article — aside from the football tangent? Because my idea really has nothing to do with football (except for that one bad example). Its solely about the luxury market.
In the process of the football club changing hands for $500 million, what resources are destroyed?
Isn’t $500 million a resource? The article explains it. You spend money on a club or on cancer research. Which spending will benefit civilization?
I think you should be much more confused & curious here than you seem to be.
Youre absolutely right! I have to admit, I gave a pretty poor example sorry for that stupidity. I see my reply didnt land well with many. got 5 downvotes for it -which I assume are from football fans whose feelings got hurt by that clumsy analogy. So let me be clear: I have great respect for football and its fans, and I didnt mean to offend anyone. Hope you can forgive my blunder!
That said, I do have a question: do you have any concerns about the actual proposal in the article — aside from the football tangent? Because my idea really has nothing to do with football (except for that one bad example). Its solely about the luxury market.