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It is the biggest flaw of the existing instantiation of Capitalism in the USA, that major non-financial factors are simply left out, ignored, or simply unrealiz
by wahsd 11y ago
It is the biggest flaw of the existing instantiation of Capitalism in the USA, that major non-financial factors are simply left out, ignored, or simply unrealized in the calculation of value. There is massive damage being done to the USA by not just Silicon Valley, even though it plays a major roll, that is very short sighted and trades of massive profits and gains and power in the future for short term gains that are primarily financial. It's very much a kind of monopolistic system that is leading to and not many people realize the astronomical cost of the deadweight loss to the American people. To put it in other terms that Silicon Valley types may understand, we have nothing even close to market fit and are operating at negative gross margins if you take all factors into account. It is easy to fool oneself that all things are well when you cherry pick your parameters and measures.