> Why not let people employ each other where they are instead of importing grandpa’s beliefs about how money is produced?
Corporations and small businesses already do this
> It’s the workers doing that produce the real value, not a rich person holding capital they’ll only spend on us if we capitulate.
Yes, but the worker is fungible. The capital holder was entrusted with the money and risk. Workers have little risk, they can walk away from a company at any time. The capital holder is stuck.
> Why do we need the age old tale of a shared ephemeral store like religion and fiat finance when we see those things become monopolized and gamed by the previous generation every time?
What is the alternative? It isn't communism or socialism, both have failed numerous times before.
Also, you're posting on a board for capitalists. YC literally bets capital on moonshots to get a return on investment.
> We need to believe one old person is literally worth 100x the average person?
If the old person, had the capital and took the risk, then yes financial value is higher. In terms of being a person, no, they both go in the same box at the end.
> Who does that benefit?
Society. Jobs created a new economy by introducing the iPhone. YC gambles on new companies that benefit society. The phone in your pocket, the internet and computer you use employees tons of people. More than any government jobs program could.
Corporations and small businesses already do this
> It’s the workers doing that produce the real value, not a rich person holding capital they’ll only spend on us if we capitulate.
Yes, but the worker is fungible. The capital holder was entrusted with the money and risk. Workers have little risk, they can walk away from a company at any time. The capital holder is stuck.
> Why do we need the age old tale of a shared ephemeral store like religion and fiat finance when we see those things become monopolized and gamed by the previous generation every time?
What is the alternative? It isn't communism or socialism, both have failed numerous times before.
Also, you're posting on a board for capitalists. YC literally bets capital on moonshots to get a return on investment.
> We need to believe one old person is literally worth 100x the average person?
If the old person, had the capital and took the risk, then yes financial value is higher. In terms of being a person, no, they both go in the same box at the end.
> Who does that benefit?
Society. Jobs created a new economy by introducing the iPhone. YC gambles on new companies that benefit society. The phone in your pocket, the internet and computer you use employees tons of people. More than any government jobs program could.