3 ms·
Capitalism is (i think) about efficient allocation of resources (ie free price movement in markets are better than governments). But BigCos are so Big they are
by lifeisstillgood 7y ago
Capitalism is (i think) about efficient allocation of resources (ie free price movement in markets are better than governments). But BigCos are so Big they are just as bad as governments - take the trophy property bid below - I mean you could parcel out that 10 billion to every HN member and I guarantee higher returns than a Seoul Real Estate bid.
So while I am sure Hyundai will spend this 87bn on car related stuff and multiplier effects etc, I just happen to think that since the money exists anyway as they are borrowing it, perhaps it should all be turned into VC funds
I mean look at SoftBank. if you took 100bn and handed it out to a million start ups globally what could you expect. Another WeWork? or better?
So - the million start up fund? Whose in?