3 ms·
It's been quite a long time since capital actually invested in things whose goal was to deliver something and make money by selling it. These days most capital
by api 7y ago
It's been quite a long time since capital actually invested in things whose goal was to deliver something and make money by selling it. These days most capital chases hype with the goal of cashing out before the hype collapses.
This works because we have a severely demand constrained economy with monstrous amounts of money sloshing around at the top with no idea where to go. The idea is to get a hype train rolling to scoop up some of it. Nothing of value has to be produced.