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I see it as entrenched wealthy capital interests were far more interested in maximizing their paper clips than improving real world productivity outputs or dist
by dv_dt 5y ago
I see it as entrenched wealthy capital interests were far more interested in maximizing their paper clips than improving real world productivity outputs or distributing what was produced more widely.
- Ericson2314 5y agoRich people as a class just throw their money where the returns our at. But if everyone else's purchasing power hasn't kept up with productivity gains, increasing productive capacity yet further isn't profitable, no matter how altruistic each rich person investor is.
- kamray23 5y agoThen we must be reaching either a plateau or a tipping point in societal development and I really really really hope it's a tipping point in a good way.
- imtringued 5y agoYou mean their individual wealth has become a high score?
- dv_dt 5y agoYes in part, but also the investment opportunities presented to them are generally only incidentally aligned or even long term misaligned with needs of increasing the resilience of the economy - or even of making long term growth decisions.