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That is the romanticized version. The history of man is exploration, expansion and exploitation. Destroying everything nice in its path. We destroyed other spec
by riantogo 5y ago
That is the romanticized version. The history of man is exploration, expansion and exploitation. Destroying everything nice in its path. We destroyed other species, our own species if they looked different, and finally we have all but destroyed the planet. Rather than staying on that path maybe a better approach for humanity is compassion, kindness and helping each other out.
Having said that, I'm totally okay with billionaires spending money on such activities as it puts money back in the economy. The more the better.
- WalterBright 5y ago> as it puts money back in the economy That's the rich people hoarding cash theory. They don't hoard any cash. All of it is invested in the economy. Even "cash" deposits in the bank are, as the bank loans out a multiple of those deposits.
- rcMgD2BwE72F 5y agoRich people hoard bitcoins, now.
- WalterBright 5y agoThe money they paid for the bitcoin went into the economy.
- rcMgD2BwE72F 5y agoOr into stocks. Or into existing real estate. Or into existing "NFT" arts. Or into any other bubble. When you print money, rich people can get price to inflate without any trickling down.
- dane-pgp 5y ago> They don't hoard any cash. Instead they spend it on lobbying politicians (or becoming politicians) to pass laws that make it easier for them to make money at the expense of everyone else.
- WalterBright 5y agoThey don't do a very good job of it. For example, Washington's Congressman Jayapal introduced legislation to wreck Amazon (headquartered in the state and which drives a big part of the state's economy). Amazon also proved to be completely ineffectual at stopping Seattle from passing an "Amazon Tax" (yes, the politicians even called it that).