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I think that greed is easier to manage when expanding into underserved & undercapitalized markets - in that environment most capital increase becomes an easily
by dv_dt 7y ago
I think that greed is easier to manage when expanding into underserved & undercapitalized markets - in that environment most capital increase becomes an easily spread general improvement in life quality.
When trying to balance inequality in well-capitalized, mature markets, you fundamentally have to trade one set of ownership against another on a much more frequent basis. To replace one set of capital investments with another (even when the new investments are an improvement), requires displacement of the old owners and old industry; see fossil fuels and climate crisis as a major example. Government becomes a battleground between the capital interests and is often where progress is neutralized.
- tracer4201 7y agoSo it’s like a new greenfield project vs dealing with legacy systems?
- dv_dt 7y agoYes, but instead of code and past technical decisions fighting against advancement, it's people with capital and interests in the status quo.