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I don't mean less powerful relative to startup founders, I mean less powerful in terms of how we allocate resources in the economy.
by dools 13d ago
I don't mean less powerful relative to startup founders, I mean less powerful in terms of how we allocate resources in the economy.
- epolanski 12d agoWhy would that be a good idea? Greed has been clearly very efficient at allocating resources and money is the first resource of any business endeavour. Politics and courts should frames and boundaries around that greed's reach, otherwise just let it alone.
- dools 12d agoBecause when investors allocate resources based on the ability of those resources to generate a profitable return you end up with an increasing volume of resources being used in the service of fulfilling the needs of a decreasing number of people.
- cowboylowrez 12d agoGreed has also been very inefficient at holding companies accountable in regards to external costs.
- anonyme-honteux 12d agoWhat actually happens is that economic power don't stop at those boundaries but instead buy politics and courts
- mitxela 12d agoInvestors are, by definition, the people who control resource allocation in a capitalist economy. Making investors less powerful is the same thing as making the economy less capitalist, which is obviously bad.