CHAPTER 8How Phantom Wealth Hurts the Economy129
The drive to create phantom wealth has many hidden costs.
Some negative effects of the drive to produce phantom wealth primarily affect specific companies, their employees, customers, suppliers, consumers, or communities. But other important effects cut across all classes of companies and have an impact on the country as a whole. These effects can be summarized as follows:
- The productive investment gap
- Dangers of unsustainable growth
- Economic distortion
- National costs of stock price gains
- Market ...