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From the top post of reddit.com/r/latestagecapitalism - https://i.imgur.com/p6DSnv6.jpg https://i.imgur.com/p6DSnv6.jpg I think we will transition over to new
by sgit 9y ago
From the top post of reddit.com/r/latestagecapitalism - https://i.imgur.com/p6DSnv6.jpg https://i.imgur.com/p6DSnv6.jpg
I think we will transition over to new more sustainable models. Capitalism just causes too much damage and unintended consequences when it uses the speed and scale the tech sector provides. Just look at the number of followers of that subreddit and the speed at which it is growing.
- seanp2k2 9y agoBut I got rich starting a high-frequency alt-coin hedge fund because I created value in the sense that I found a way to enrich myself. Now I'm going to pay these politicians comparatively small amounts (but far above what you could afford to stop me) to protect my interests.
- TeMPOraL 9y ago> But I got rich starting a high-frequency alt-coin hedge fund because I created value in the sense that I found a way to enrich myself. Here's the crux of the problem. You created value in terms of market economy. That doesn't mean you created any value in terms of human society, or how people generally understand this world. Hell, in your particular example it's quite easy to argue that alt-coins (if proof-of-work-based) generate lots of negative value (by wasting ungodly amounts of energy), and whether or not HFT is helpful to the stability of the economy is debatable.
- saurik 9y agoYou seem to be responding seriously to satire...
- deleted 9y ago[deleted]
- thesagan 9y agoYou bet, the system as it is needs real reform! My previous post uses the word "kinks" and I don't mean to minimize the problem we have today. Old capitalist thinking seems out of date, and this does feel like late-stage.