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Sadly, every human attempt at creating a successful system of allocating capital begins to decay as time passes. With all respect to Andreesen, it is unlikely
by ijidak 7y ago
Sadly, every human attempt at creating a successful system of allocating capital begins to decay as time passes.
With all respect to Andreesen, it is unlikely any of these problems will be solved before the entire post-WWII system collapses.
Climate change, sovereign debt levels, permanent-QE...
Honestly 6 months ago, even those who see doom around every corner weren't really talking about a pandemic.
The problem is, the problems are outpacing the solutions.
This here, written 16 years ago, is still true:
"Consequently, for thousands of years, uncountable coronations, revolutions, coups, appointments, elections, assassinations, and regime changes have occurred. Kings, prime ministers, princes, presidents, secretaries-general, and dictators have found themselves in and out of power. Unexpected changes have removed even powerful rulers. (See the box “Suddenly out of Power,” on page 5.) Still, competent and enduring leadership has proved elusive."
https://wol.jw.org/en/wol/d/r1/lp-e/2004800#h=5:0-7:728 https://wol.jw.org/en/wol/d/r1/lp-e/2004800#h=5:0-7:728