Comment by jacobthesnakob
3 days ago
They’re out there. I find it more productive to search for and financially support such businesses, rather than adopt the doomer pessimistic anticapitalism take.
For example I just bought a Concept2 RowErg rowing machine. They sell literally every piece and part on their website so it’s end user repairable. The metrics integrate with a ton of apps, so you’re not locked into their app/ecosystem and there’s no subscription. It’s the polar opposite of Peloton and Hydrox.
Unfortunately a lot of these honest businesses are one generation away from potentially selling out everything the founders built, but I’ll continue doing my best to keep them around while they exist.
>I find it more productive to search for and financially support such businesses, rather than adopt the doomer pessimistic anticapitalism take...
But sadly, many order of magnitude more people would like to just make more money when invest. Which is why..
>Unfortunately a lot of these honest businesses are one generation away from potentially selling out everything the founders built,
> rather than adopt the doomer pessimistic anticapitalism take...
Capitalism does not imply public trading. Capitalism can work even when companies re-invest parts of their profits.
Oh no, that would be too slow. We want Speeeed...even if that means a quick descent into certain doom.
>many order of magnitude more people would like to just make more money when invest
Blame them (the consumers) then. This is like that silly Reddit/Twitter stat about 10% of companies creating 90% of global emissions… which the companies are doing in the process of making the shiny cell phones and laptops all the consumerists lambasting them are posting from, plus all the plastic crap they buy every day from Amazon.
The consumers are the ones demanding unchecked expansion of their consumption. As long as that demand exists, companies will find a way to fill it, whether they’re doing so in America or other countries. Privately held entities can’t allocate capital fast enough to keep up with the consumerists.
cant blame the consumers who are brainwashed by the ads that uses every weakness in human nature to create phantom needs, making up artificial demand for things..