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It's almost like capital has become so big that the investment money sloshing around looking for high returns at the expense of anything else, does not care if

It's almost like capital has become so big that the investment money sloshing around looking for high returns at the expense of anything else, does not care if excessive capital ruins the early dot.com companies, real estate, crypto, generative AI or anything else. We need an investor class that just wants to get their 50 pounds a year to maintain the country estate, not one that wants to vacuum up 80% of the economy in short term speculative bubbles.

hattmall 2y ago
It's ultimately a lack of "class". The scenario you're describing requires that the wealthy maintain a set of social virtues that are more important than money. One of those virtues must then be that greed is seen as very low class. It's the stereotypical depiction of new vs old money. It does exist in the US, but it's mainly in certain industries and the uber wealthy are generally shunned / excluded because to be focused on the pursuit of money is taboo. It's literally the primary differentiator, "I'm so rich we don't care about money." Even though they are nowhere near as rich as billionaires. To be seen as concerned about making money shows a lack of class and even if you have billions of dollars from a social standpoint your no different than any random poor person working paycheck to paycheck. So that investment class certainly is out there, but it's not really in places like California, New York, Florida etc. Those areas and the industries spawned in them are dominated by the profit obsessed social pariahs. Of course money and investments are a major aspect but it's never about how much money you can make, all the pursuits are profitable, but it's about how much importance and control they will generate. Most Tech, Crypto, AI, anything like that, if it gets shut down tomorrow, the impacts are minimal and easily mitigated. People involved lose money, but everyone else carries on, possibly somewhat inconvenienced. If a regional cold storage facility, railroad, pipeline, quarry, or container yard decides to shut down you have real impacts that start to get serious quickly.

hattmall 2y ago

It's ultimately a lack of "class". The scenario you're describing requires that the wealthy maintain a set of social virtues that are more important than money. One of those virtues must then be that greed is seen as very low class. It's the stereotypical depiction of new vs old money. It does exist in the US, but it's mainly in certain industries and the uber wealthy are generally shunned / excluded because to be focused on the pursuit of money is taboo. It's literally the primary differentiator, "I'm so rich we don't care about money." Even though they are nowhere near as rich as billionaires. To be seen as concerned about making money shows a lack of class and even if you have billions of dollars from a social standpoint your no different than any random poor person working paycheck to paycheck. So that investment class certainly is out there, but it's not really in places like California, New York, Florida etc. Those areas and the industries spawned in them are dominated by the profit obsessed social pariahs. Of course money and investments are a major aspect but it's never about how much money you can make, all the pursuits are profitable, but it's about how much importance and control they will generate. Most Tech, Crypto, AI, anything like that, if it gets shut down tomorrow, the impacts are minimal and easily mitigated. People involved lose money, but everyone else carries on, possibly somewhat inconvenienced. If a regional cold storage facility, railroad, pipeline, quarry, or container yard decides to shut down you have real impacts that start to get serious quickly.