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An alternative is that this money goes into buying 10 apartments, pushing their value up, and making even more money for the buyer. Buying this $13m car will
by AlexMuir 7y ago
An alternative is that this money goes into buying 10 apartments, pushing their value up, and making even more money for the buyer. Buying this $13m car will transfer money to dozens of employees, subcontractors and shareholders in Bugatti. "Blow this amount" and "Waste the money" = the money is put into circulation. If the buyer doesn't "Blow the money" then they either keep it, or invest it and gain even more money from someone else.
- perfmode 7y agoThis is wasted labor. These people could instead spend their time more productively.
- imbusy111 7y agoOn what exactly? I feel like we don't have a shortage of people able to execute, but rather a shortage of good ideas or ideas we are willing to invest money in.
- cycrutchfield 7y agoNot according to the market
- zepearl 7y agoThis is maybe a little bit (in a contorted way) similar to "Parable of the broken window"? https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window In this case there are probably some highly skilled people involved who were able to increase their know-how (doing research to make the car somehow be xxM$ worth) thanks to being funded by whoever bought the car, but the whole exercise generates probably very little intellectual value outside of this context.
- cycrutchfield 7y ago>the whole exercise generates probably very little intellectual value outside of this context Why do you assume that the R&D required to produce this vehicle is somehow wasted effort?
- zepearl 7y agoI did not assume that it was "wasted" ("little" is more than 0).
- perfmode 7y agoPrecisely the parable of the broken window.
- Fins 7y agoThe same could be said about 95% of SV hackers. At least Bugatti employees do honest work for living and do not make the world a worse place.