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I'm assuming this is a positive statement, not a normative one. I love how this undermines the basic functioning of the market via supply/demand. If demand is
by AlexandrB 5y ago
I'm assuming this is a positive statement, not a normative one.
I love how this undermines the basic functioning of the market via supply/demand. If demand is artificially restricted by taking money out of the pockets of consumers, how is "what to produce" decided? I think increasingly that decision is pseudo-centralized in VCs and other large investors who decide what businesses to fund.
- FredPret 5y agoLong term the system still works - if those VCs et al back bad ideas, they lose their money
- spaetzleesser 5y agoEven if the VCs lose money that money still mostly circulates among the wealthy and well connected.