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The VC and other capital allocator class stands to gain a LOT from the current administration. I think after like 100M+ levels of wealth, "morals" and "ethics"
by moomoo11 1y ago
The VC and other capital allocator class stands to gain a LOT from the current administration.
I think after like 100M+ levels of wealth, "morals" and "ethics" go out the window.
- PaulHoule 1y agoI'd argue it's the opposite. Look at contemporary Russia. You can be on the margins and yell all you like and still be on the margins, they know it doesn't matter what you do. [1] If you're an oligarch and get in the way you fall out of a window. Jeff Bezos was no ally of Trump I, had he not been sitting behind Trump II at the inauguration he could have kissed all his rocket plans goodbye because all his permits and contracts could be canceled just like that. [1] Being "marginal" is probably more blessing than curse in a lot of cases and a status you might want to retain.
- p_ing 1y agoHistorically the economy has largely done worse under Republican administrations; while individual VCs may gain something/a lot, overall they lose.
- grimpy 1y agoThis just means this with lots of capital can buy things for cheap. This is not a downside. Overall, they win.