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> Markets are designed to reward people who take risk to create useful things for other people. This is just simply not true. Take Elon Musk, started with mill
by thefz 5y ago
> Markets are designed to reward people who take risk to create useful things for other people.
This is just simply not true. Take Elon Musk, started with millions in hand-me-down money so the risks for him were very very low. It's obvious that already wealthy families have a higher chance to have wealthy and successful offspring because of the safety net they can provide.
> But markets trend towards efficiency,
Markets trend towards money efficiency, or biggest gain if you want, otherwise we wouldn't have goods made in China sent to South America to be packaged for sale in Europe. Or tell me how BTC tends towards efficiency that is not profit efficiency.