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A nice fantastical theory but kind of easy to poke holes in when Google and Facebook are recent trillion $ behemoths who's employees out-earned the capital of p

A nice fantastical theory but kind of easy to poke holes in when Google and Facebook are recent trillion $ behemoths who's employees out-earned the capital of physical companies like US Steel and the spectrum of perpetually declining ATT.

portaouflop 2y ago
Did you read the comment? „Not paper wealth, but physical assets like land, steel, etc…“ I’m not saying I agree but the argument was that those unicorns (or behemoths) are just managing actual wealth - which is rooted in real, physical things not made up digital „money“. At least that is how I understood GP
- reducesuffering 2y ago
  Of course I did. An $80 billion yearly profit stream is not “paper wealth.” Every year they could’ve bought ten US Steel, so who is managing who? If you don’t believe in the value of digital money, only “real, physical things”, by all means only own cars and tools, and buy your meals with gold bars.
- hackerlight 2y ago
  It's not an argument. An argument contains reasons or evidence.
vasco 2y ago
It's just conspiracy mumbo jumbo. Google was running a private airport that used to be ran by NASA, definitely outsiders lmao.[1] "At times, Google has appeared to get more out of the deal than the government. Before the fighter jet purchased by Brin, Page and Schmidt was ready to start collecting atmospheric data for NASA, Google executives had already turned Moffett into their corporate airport, flying into or out of the airfield nearly 600 times, according to FAA records. As the executives’ use of the airfield became increasingly controversial, NASA initially appears to have rejected their efforts to extend the deal beyond 2014. The space agency even explored the possibility of handing off Moffett Field to another government agency or a municipality. But members of the community and powerful Google allies in Congress intervened to lobby against such a move. In the end, NASA awarded a 60-year lease to a Google affiliate over a competing bid from a development firm that sought to open up the facility to more flights and outside tenants. " The truth is simpler, whoever has money can get influence and power and use it until they lose it, and the outcomes we see are a result of these complex interactions of many actors with their own incentives. [1] https://www.techtransparencyproject.org/articles/fighter-jet-and-friends-congress-how-google-got-access-nasa-airfield https://www.techtransparencyproject.org/articles/fighter-jet...

portaouflop 2y ago

Did you read the comment? „Not paper wealth, but physical assets like land, steel, etc…“ I’m not saying I agree but the argument was that those unicorns (or behemoths) are just managing actual wealth - which is rooted in real, physical things not made up digital „money“. At least that is how I understood GP

reducesuffering 2y ago
Of course I did. An $80 billion yearly profit stream is not “paper wealth.” Every year they could’ve bought ten US Steel, so who is managing who? If you don’t believe in the value of digital money, only “real, physical things”, by all means only own cars and tools, and buy your meals with gold bars.
hackerlight 2y ago
It's not an argument. An argument contains reasons or evidence.

vasco 2y ago

It's just conspiracy mumbo jumbo. Google was running a private airport that used to be ran by NASA, definitely outsiders lmao.[1] "At times, Google has appeared to get more out of the deal than the government. Before the fighter jet purchased by Brin, Page and Schmidt was ready to start collecting atmospheric data for NASA, Google executives had already turned Moffett into their corporate airport, flying into or out of the airfield nearly 600 times, according to FAA records. As the executives’ use of the airfield became increasingly controversial, NASA initially appears to have rejected their efforts to extend the deal beyond 2014. The space agency even explored the possibility of handing off Moffett Field to another government agency or a municipality. But members of the community and powerful Google allies in Congress intervened to lobby against such a move. In the end, NASA awarded a 60-year lease to a Google affiliate over a competing bid from a development firm that sought to open up the facility to more flights and outside tenants. " The truth is simpler, whoever has money can get influence and power and use it until they lose it, and the outcomes we see are a result of these complex interactions of many actors with their own incentives. [1] https://www.techtransparencyproject.org/articles/fighter-jet-and-friends-congress-how-google-got-access-nasa-airfield https://www.techtransparencyproject.org/articles/fighter-jet...