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The rich frugal businessman who is 'cheap' is *not* the problem. If he is that stingy with his money, eating mcdonalds everyday despite his wealth, imagine how efficiently he's utilizing the rest of his money. This is deserved capitalism in its truest sense.

However, not all rich people are capitalists. Power manipulates the capitalist system just as easily as it manipulates other systems. "Crony capitalism" is like a trojan horse.

This is the type of person who'd burn massive amounts of cash on luxury items purely for status and the appearance of power. This is the 'wasteful' money.

If that money were given instead to the stingy guy, that money would be used a lot better. However, these stingy guys are selected specifically for their ability to stretch a dollar. They're given just enough to create a system for the population to not revolt.

It's like if I had 100 dollars and gave 10 to John to deal with a bunch of people and took 90 to burn because I know rob can only afford to burn 80 dollars. I chose john specifically because some other idiot would need 50 and still have a revolt.

When money is used as tokenized force projecting power over long distances, the capitalists are like the best swordsman. The one who can take on 50 men. The one promoted to general.

Money's force projecting power is depending on people's faith in it. It gains in mass the more it's believed in. The USD has high mass, the peso less so. Gold has literal mass. Bitcoin is like a quantum particle.

It's "sharpness" is correlated with Faith so it's neutral. It's like a weapon that can be used to attack but also protect and defend. Unlike say...a serrated sword christened Blooddrinker at its forging.