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no one is doing it honestly in the disparity musk isnt a trillionaire because his assets would equate to physical product. his valuation is an inflated target
by cyanydeez 5mo ago
no one is doing it honestly in the disparity
musk isnt a trillionaire because his assets would equate to physical product. his valuation is an inflated target of market manipulation.
when you add up all the physical goods in the world that directly benefit people, that comes nowhere near these valuations.
and externalities are one way wealth is taken from the environment. then theyre parlayed.
- twoodfin 5mo agoWhy should we only count physical goods as benefits? That sounds like a pretty impoverished world to live in. No music, no art, no communication with our friends and family beyond speech…
- tsimionescu 5mo agoI don't think that was the point, you can add those to the physical goods list as well, as well as many other human services (education, cutting hair, open air games, etc). The point was that the real money comes from finance games, like the stock market, forex trading, etc - things of much more dubious value when you actually look at them objectively.
- jrm4 5mo agoPercievable goods and services, then.
- twoodfin 5mo agoWhat’s imperceptible about what, say, Meta produces? It seems to me everything they sell is perceptible and valuable to the corresponding buyer.
- thelastgallon 5mo agoAnd no nfts and crypto