2 ms·
> What did they do? They took bets on unknown people and believed in them more than anyone had before. They set strong norms... This is the essence of capitali
by jondubois 6y ago
> What did they do? They took bets on unknown people and believed in them more than anyone had before. They set strong norms...
This is the essence of capitalism. The idea that you can take bold risks and be rewarded for being right.
By this definition, what we have today is not capitalism. Because today's investors and entrepreneurs are only rewarded for following the herd and being compliant under the watchful eyes of their corporate masters.
After I joined the workforce and the startup scene in 2013, capitalism was on its way out. I arrived just in time to catch a faint glimmer of it but now it's well and truly dead.
What we have now is a combination of the worst, most superficial aspects of capitalism and socialism combined into single monstrosity. Corporate surveillance socio-capitalism with theatrical democracy.