I don’t know how I feel about it. On one hand, it makes for less of an echo chamber. On the other hand, their thoughts are fucking stupid and it hurts my brain to see them.
Man I am kinda sorry, that I invade your worldview.
But rich people don’t have all their money stored in a vault like Dagobert Duck. It’s all stocks.
And boy, if one of the companies make losses, then their money goes downhill. It’s volatile.
And due to immense concurrence in innovation in the tech sector, every investor has a huge interest in innovation.
And with many investment, the start of a company is ensured.
The current capitalism is the system that works best.
Especially the US capitalism is one hell of a driver in innovation.
I live in Germany and many companies wouldn’t be possible here. Even though we have capitalism, it’s much softer than its US counterpart.
The downside of course is poverty for cheaper labour.
And that’s brutal, but it’s the reality we live in.
Though I wouldn’t want to live in the US without healthcare, on the counter side I wouldn’t want to start a company here in Europe.
UserDoesNotExist, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone on this website is now dumber for having read it. I award you one downvote, and may God have mercy on your soul.
I give you that. Just a few were directly involved in innovation.
But the rich do quite successfully create the framework conditions for innovation and development.
Mostly driven by profit, but a world based purely on goodwill fails at the first doubter, the first who does not want to participate.
So capitalism is what we got. And so far it has proven to be more resilient than other systems.
The demand side of the economy is the consumer population. The consumers decide what they do and do not want to purchase, therefore driving demand.
“Infinite need” implies that infinite supply could exist, or that infinite growth is sustainable, both of which are not true. Infinite need also doesn’t exist.
I will argue that people (for example) needing clean water increases the demand for clean water. This is why companies like Nestle are profiteering off of selling bottled water, and why the CEO said that water should not be a human right.
Wait. But someone has to bottle the water, right? Or is nestle supposed to do it for free?
Furthermore they have to compete with tap water. So the value of bottled water can only be the water itself + bottle + energy used to fill bottle + interest because their “service” is not for free. There is a justified interest to make a profit from one’s efforts.
Love how the collective of humanity needs to find out because the richest few fucked around.
You can always find these people and make them find out. They are actively committing genocide against the human race.
We ned a guillotine emoji.
But the rich are supplying a demand. And a ton of innovation wouldn’t be there without them.
Imagine thinking CEOs drive innovation lmao
Why does it seem like there are a ton more conservatives here on Lemmy than there were on Reddit?
My theory is they just had a habit of getting banned so they weren’t as visable
I don’t know how I feel about it. On one hand, it makes for less of an echo chamber. On the other hand, their thoughts are fucking stupid and it hurts my brain to see them.
But they kinda do. Imagine Samsung or Apple stopping innovation. Company goes bankrupt.
Oh brother
Man I am kinda sorry, that I invade your worldview.
But rich people don’t have all their money stored in a vault like Dagobert Duck. It’s all stocks.
And boy, if one of the companies make losses, then their money goes downhill. It’s volatile.
And due to immense concurrence in innovation in the tech sector, every investor has a huge interest in innovation.
And with many investment, the start of a company is ensured.
The current capitalism is the system that works best.
Especially the US capitalism is one hell of a driver in innovation. I live in Germany and many companies wouldn’t be possible here. Even though we have capitalism, it’s much softer than its US counterpart.
The downside of course is poverty for cheaper labour.
And that’s brutal, but it’s the reality we live in.
Though I wouldn’t want to live in the US without healthcare, on the counter side I wouldn’t want to start a company here in Europe.
btw they do store a lot of their money in vaults where it doesnt benefit the economy at all.
This is in the form of expensive art that stays in containers in tax-free zones, and offshore accounts in tax havens.
Please educate yourself.
https://archive-yaleglobal.yale.edu/content/how-wealthy-sell-treasures-tax-free
https://www.icij.org/inside-icij/2017/09/7-charts-show-how-rich-hide-their-cash
https://en.wikipedia.org/wiki/Panama_Papers
https://academic.oup.com/ser/article/20/2/539/6500315
But most of it is still invested in stocks. So those few links have relatively little impact.
Did you read any of those links? 10% of world GDP. That’s not relatively little. That’s insane.
And stocks doesn’t automatically mean good. How much of that is speculative bubbles and hype-driven overvalued stocks?
UserDoesNotExist, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone on this website is now dumber for having read it. I award you one downvote, and may God have mercy on your soul.
Sorry if you do not understand the system we live in.
Ribbit
Ribbit
I give you that. Just a few were directly involved in innovation.
But the rich do quite successfully create the framework conditions for innovation and development. Mostly driven by profit, but a world based purely on goodwill fails at the first doubter, the first who does not want to participate. So capitalism is what we got. And so far it has proven to be more resilient than other systems.
Are you sure it’s not the demand driving the demand? The rich are the supply-side of “supply and demand”.
Demand driving the demand?
Does needing something increase the need for it by itself into infinite need?
The demand side of the economy is the consumer population. The consumers decide what they do and do not want to purchase, therefore driving demand.
“Infinite need” implies that infinite supply could exist, or that infinite growth is sustainable, both of which are not true. Infinite need also doesn’t exist.
I will argue that people (for example) needing clean water increases the demand for clean water. This is why companies like Nestle are profiteering off of selling bottled water, and why the CEO said that water should not be a human right.
Wait. But someone has to bottle the water, right? Or is nestle supposed to do it for free?
Furthermore they have to compete with tap water. So the value of bottled water can only be the water itself + bottle + energy used to fill bottle + interest because their “service” is not for free. There is a justified interest to make a profit from one’s efforts.