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Yeah, we really should just storm the facility where Musk is hoarding all the worlds bread and meat. Wealth in terms of capital doesn't represent material good
by hackinthebochs 2mo ago
Yeah, we really should just storm the facility where Musk is hoarding all the worlds bread and meat.
Wealth in terms of capital doesn't represent material goods, it represents the system's confidence in your ability to direct capital efficiently. But eventually efficient capital bottoms out at consumable goods. Someone like Musk with a lot of capital under his control is contributing to the end goal of unlimited abundance.
- jdub 2mo agoWith his shitty cars, orbital garbage, or CSAM generator? Or his moneyed attacks on democracy and communications? Or his vandalism of government programs without insight, experience, or qualification? In a free and fair market, his capital would be regarded as a deeply inefficient distortion.
- watutalkinbout 2mo agoI agree. The end goal is unlimited abundance (for a handful of people). Let's not pretend that capital is actually directly efficiently, tulip.