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If a bubble can last "years and years", what's to stop it lasting 50 years or 100 years? If it lasts over 50 years then is it even worthwhile to make the distin

If a bubble can last "years and years", what's to stop it lasting 50 years or 100 years? If it lasts over 50 years then is it even worthwhile to make the distinction? The speculation surely will outlive you. It could become an intergenerational scheme like fiat currencies... There is a point where the economy is no longer serving regular people, it's all focused on rich people. When that happens, speculation becomes the main purpose of the economy. Everyone is forced to participate in what is essentially a game for rich people... Kind of like Westworld. And there is a point when the speculation is more than that. It's a scheme, it's a hack... Participants find ways to constantly bring new money into this scheme. Recruit new generations. Like a cult. With a constant stream of new money entering the economy via bank loans and government spending, the economy we have today is already a centrally planned speculative scheme (having many of the bureaucratic characteristics of communism). People are either not smart enough to understand it or they have too much skin in the game to acknowledge it and it seems that the next generation won't be any different.

n4r9 6y ago
You're not making a cohesive argument, you're just drawing tenuous allusions: "Kind of like Westworld" "Like a cult" "having many of the bureaucratic characteristics of communism"
- applepple 6y ago
  I'm surprised that people don't get it. I guess it's easy to think that the system is fair if you're on the receiving end of VC funding. My experience of approaching VCs for funding is that they always say no. No matter how hard you persist, no matter how good the tech is, how good the team is or how much traction the product has or how big the opportunity is. It doesn't matter if you've accomplished the impossible. It's been easier for me to convince really talented engineers to work on my project for free for over 1 year than to convince a VC to invest even $10K in my project... That's how bad it is. They will not only not fund me, they will fund my competitors (who will fail of course and be acqui-hired). The only things that matter at all are social connections; who you are, who your family is, where you are born. Success is a lottery and skill has nothing to do with it. It's just like if you're born in communism, you need to be friends with prominent communist party members if you want any chance of success. Nothing else matters at all. Skill is meaningless in a communist society.
  - deleted 6y ago
    [deleted]
  - n4r9 6y ago
    I'm sorry that you've had bad experiences with VC's, but that's all I'm really able to take from your post.

n4r9 6y ago

You're not making a cohesive argument, you're just drawing tenuous allusions: "Kind of like Westworld" "Like a cult" "having many of the bureaucratic characteristics of communism"

applepple 6y ago
I'm surprised that people don't get it. I guess it's easy to think that the system is fair if you're on the receiving end of VC funding. My experience of approaching VCs for funding is that they always say no. No matter how hard you persist, no matter how good the tech is, how good the team is or how much traction the product has or how big the opportunity is. It doesn't matter if you've accomplished the impossible. It's been easier for me to convince really talented engineers to work on my project for free for over 1 year than to convince a VC to invest even $10K in my project... That's how bad it is. They will not only not fund me, they will fund my competitors (who will fail of course and be acqui-hired). The only things that matter at all are social connections; who you are, who your family is, where you are born. Success is a lottery and skill has nothing to do with it. It's just like if you're born in communism, you need to be friends with prominent communist party members if you want any chance of success. Nothing else matters at all. Skill is meaningless in a communist society.
- deleted 6y ago
  [deleted]
- n4r9 6y ago
  I'm sorry that you've had bad experiences with VC's, but that's all I'm really able to take from your post.