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Instead of increasing inequality and the problems that come with that, we should come up with new ways to pool and allocate capital. Collectively owned investme

by TFYS 1y ago

Instead of increasing inequality and the problems that come with that, we should come up with new ways to pool and allocate capital. Collectively owned investment banks, co-operatives, state funding, etc. We need to innovation in collective ownership.

anovikov 1y ago
But whole point of innovation is to give 1000x people the leverage they can claim by their performance, and let them become obscenely rich at the expense of others. If you don't do it, they will just do it where they are allowed to, the world is big, and European citizens are full of privilege when it comes to exploiting it: they are white, speak languages, and are visa free just about everywhere, not at all seen with suspicion. It's easy for them to jump the boat, easier than for anyone else, so they all do it before they are allowed to ruthlessly exploit others. It's a bind: either become dog-eat-dog rat race society, or just rot in backwardness, age, and eventually get invaded and overrun when no one will care anymore. You can try holding them from running away but... i come from Soviet Union where they did just that, and i know how it ends. A society that is persistently in denial about people's innate inequality is doomed.
- TFYS 1y ago
  I believe there's enough capable people to whom money is not all that matters for this to not be as big of an issue as you think. Sure, people who only care about their personal wealth and power will leave everything behind for a chance to get it, but the vast majority of people would pursue their dreams close to their family and friends for just a good salary if given the capital to do so. It might even be a positive for society to lose those self-centered power hungry people, as they have negative effects in addition to the positive economic ones, especially when you give them a lot of power.

by TFYS 1y ago

anovikov 1y ago

But whole point of innovation is to give 1000x people the leverage they can claim by their performance, and let them become obscenely rich at the expense of others. If you don't do it, they will just do it where they are allowed to, the world is big, and European citizens are full of privilege when it comes to exploiting it: they are white, speak languages, and are visa free just about everywhere, not at all seen with suspicion. It's easy for them to jump the boat, easier than for anyone else, so they all do it before they are allowed to ruthlessly exploit others. It's a bind: either become dog-eat-dog rat race society, or just rot in backwardness, age, and eventually get invaded and overrun when no one will care anymore. You can try holding them from running away but... i come from Soviet Union where they did just that, and i know how it ends. A society that is persistently in denial about people's innate inequality is doomed.

TFYS 1y ago
I believe there's enough capable people to whom money is not all that matters for this to not be as big of an issue as you think. Sure, people who only care about their personal wealth and power will leave everything behind for a chance to get it, but the vast majority of people would pursue their dreams close to their family and friends for just a good salary if given the capital to do so. It might even be a positive for society to lose those self-centered power hungry people, as they have negative effects in addition to the positive economic ones, especially when you give them a lot of power.