Comment by dools
8 hours ago
I don't mean less powerful relative to startup founders, I mean less powerful in terms of how we allocate resources in the economy.
8 hours ago
I don't mean less powerful relative to startup founders, I mean less powerful in terms of how we allocate resources in the economy.
Why would that be a good idea?
Greed has been clearly very efficient at allocating resources and money is the first resource of any business endeavour.
Politics and courts should frames and boundaries around that greed's reach, otherwise just let it alone.
Because when investors allocate resources based on the ability of those resources to generate a profitable return you end up with an increasing volume of resources being used in the service of fulfilling the needs of a decreasing number of people.
Greed has also been very inefficient at holding companies accountable in regards to external costs.