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sounds like a non-profit service project, not an investment.
by groundzeros2015 5mo ago
sounds like a non-profit service project, not an investment.
- psychoslave 5mo agoHow is that incompatible?
- groundzeros2015 5mo agoI think making money usually helps people. But it does affect every decision you make. When you’re investing you look at financial criteria. When you’re donating you look at social criteria. The whole “VC in non-profit” thing was a trend from 2012 to 2017 or so and it did not work out for this reason.
- psychoslave 5mo agoHow do you distinguish social from financial here? Isn't finance just a loose way to quantify social considerations?
- groundzeros2015 5mo agoI think there are plenty of interesting non-profits that won’t make you any money. I donate to some! There is a radical version of capitalism where you would say only things that make money (what people pay for) are providing social value, but I don’t think that’s what you’re getting at.
- psychoslave 5mo agoNot what I'm looking for indeed if I got what you mean. But that's because precisely money in itself seems pointless, it's just mere social conventions loosely quantified. Money is a tool and in this perspective, more specimen of tools in more hands seems rather pro social. It's more of an issue when all the many tools are tied to monopolistic unreciprocal contract serving an oligarchic social project.
- groundzeros2015 5mo agoThat’s fine if you don’t think it’s valuable. Back to my original comment if your goal is to make money that’s a different thing, and that’s generally the case with people managing retirement accounts etc.