> You're stealing from companies that create economic acceleration to create economic friction.
At the margins, there's going to be some truth to this, but the kind of financier who is wowed by this kind of demo isn't skilled at telling what innovations are deserving.
> If we keep rewarding scammers with this notion that they're doing anything remotely of value, we end up with a society of Roger Stone and Trump types who are really good at seeking out and winning negative sum games.
I'd really drain a lot of money from the class of financiers as a whole and move it to households and non-financial industry. If we'd responded to 2008 with widespread haircuts on bad lenders and nationalisation of failing banks, instead of bailouts for banks and inflating the financial system via QE, we would have moved int this direction.
Musk is not a good example of the entrepreneur, but he's not in the same class as Stone, who kind of mobilised the Oath Keepers as his private heavies, or Trump, who depends on intimidation and personal dominance to run his business affairs.
At the margins, there's going to be some truth to this, but the kind of financier who is wowed by this kind of demo isn't skilled at telling what innovations are deserving.
> If we keep rewarding scammers with this notion that they're doing anything remotely of value, we end up with a society of Roger Stone and Trump types who are really good at seeking out and winning negative sum games.
I'd really drain a lot of money from the class of financiers as a whole and move it to households and non-financial industry. If we'd responded to 2008 with widespread haircuts on bad lenders and nationalisation of failing banks, instead of bailouts for banks and inflating the financial system via QE, we would have moved int this direction.
Musk is not a good example of the entrepreneur, but he's not in the same class as Stone, who kind of mobilised the Oath Keepers as his private heavies, or Trump, who depends on intimidation and personal dominance to run his business affairs.