“The wealth creators of neoliberal mythology are some of the most effective wealth destroyers the world has ever seen.” – George Monbiot
This blog post previously appeared in Common Weal’s weekly newsletter. Sign up for the newsletter here.
If you’d like to support my work for Common Weal or support me and this blog directly, see my donate page here.

One of the arguments in favour of billionaires is that while they are wealthy beyond any possible realistic need, they in turn generate even more wealth by creating and supporting jobs. They might take a share of the production generated by you, their workers, but you wouldn’t be able to generate that production without the risk they took in employing you and providing you with the tools, the capital, that you need to do that job.
What if it wasn’t true?