Comment by strictnein
3 months ago
Huh? The US has the largest private investment pool in the world.
Why would investors invest their money in things that have no chance of recouping that investment?
3 months ago
Huh? The US has the largest private investment pool in the world.
Why would investors invest their money in things that have no chance of recouping that investment?
Exactly! It's an absolutely foolish thing to build a society around, and the benefits are largely squandered on the private lives of private investors.
"Absolutely foolish" - the tech sector doesn't exist without this "foolishness", but other than that, great idea.
Is that necessarily a bad thing? There are other ways to develop technology.
Nd they’re all concerned with next quarters results, not the next hundred years.
Are your investments in places where you're interested in the next 100 years and won't see the benefits until after your dead?
That belies why relying on individual investors to guide society is never going to work. You might as well cede the globe over to whichever society had the balls to centralize the economy