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Many enterprises "produce" objectively horrifically negative value for humans. It's not a rule that putting money in a gambling machine produces worse outcomes
by flangola7 3y ago
Many enterprises "produce" objectively horrifically negative value for humans. It's not a rule that putting money in a gambling machine produces worse outcomes than if it was placed into a company.
- gwd 3y agoA gambling payout never creates anything of value for society; money is simply transferred from the House to one individual customer. An investing payout sometimes creates something of value for society: when the thing invested in turns out to be useful to people.
- whimsicalism 3y agoIf we view generally human lives today as better in the past (which I do), then it seems like it follows that the average capital investment is going to net valuable enterprise?