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I’ve wondered that. If innovation has an optimal economically efficient rate then would businesses wasting inflated stock market capital chasing competitive adv
by implements 4y ago
I’ve wondered that. If innovation has an optimal economically efficient rate then would businesses wasting inflated stock market capital chasing competitive advantage ‘before it’s time’ be a good thing? (Heretical thought) Perhaps when there’s too much money effectively forced into poor investment opportunities (stocks, housing, whatever) countries would be better off taxing and investing it in education, infrastructure, energy security, etc - things that help generate better and wider returns in the future?
- anovikov 4y agoEducation - i doubt it has much room for growth. It already reached a phase where people who are too dumb to get any kind of degree are chasing degrees that will bring them no benefit in life. If anything, there needs to be a crackdown on higher education to prevent too many people from wasting the most productive years of their lives for nothing, instead of yeah, spending them building infrastructure (roads, bridges, etc).