5 ms·
The meta-economy losing touch with reality is a symptom of late stage capitalism. It used to matter whether a technology could solve a problem, then it started
by inigyou 3mo ago
The meta-economy losing touch with reality is a symptom of late stage capitalism. It used to matter whether a technology could solve a problem, then it started to also matter whether this fact could be explained to savvy investors, and now it only matters whether it can be explained to stupid investors because they are the ones with the money. You used to have to sell a product people wanted to get their money, but now customers don't have any money because it's all with billionaires so those are the only people you have to please.
- pineaux 3mo agoIt has been called late stage capitalism since the 1920s
- inigyou 3mo ago[citation needed]
- nradov 3mo agoThat's funny considering that all other economic systems that have been tried were never in touch with reality in the first place.
- inigyou 3mo agoFeudalism was far more stable and lasted far longer than capitalism ever did.