This is really great discussion, thanks for that. I'm not at all a Marxist (pretty pro-capitalism in general) but this does strike me as a case of over-financi

This is really great discussion, thanks for that. I'm not at all a Marxist (pretty pro-capitalism in general) but this does strike me as a case of over-financialization. Wasn't there some Marxist/socialist line of thinking that in late capitalism, so much gets accumulated that the economy shifts from one oriented around socially useful production of goods ("socially useful" is the broad sense, anything people want), to a purely financialized system driven more strongly by investment returns vs. profits from production? I recognize there's always an element of balance between starting a company to satisfy the demand for goods vs. the demand for return, but cases like this make me think the investors are more in the driver's seat than marketers/product people thinking about what we should make. Sort of like there's this giant mass of passive capital chasing yield and there isn't enough to go around. And I think this view is consistent with the idea that asset ownership isn't backed by a legally sound property rights regime in China. It seems a lot of this would be fixed if they could channel more accumulated domestic capital (profits) into housing, business equity formation, or even consumption. It's funny to think that "make something people want" (YC truism) might be good investments, rather than products. But maybe true here?