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0 sats \ 3 replies \ @BlokchainB 19 Feb \ parent \ on: MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies Stacker_Stocks
Yeah but a central bank in bed with the government creates bailouts. Which makes it almost impossible to know is Buffett a good allocator of capital or is just another beneficiary of the money printer. Go back to 2008 if USA didn’t bail out the economy ultra rich guys would have gotten destroyed.
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139 sats \ 2 replies \ @SpaceHodler 19 Feb
So the problem is the money printer, not the capitalists. Now that we have Bitcoin and the money printer is losing its power we can keep capitalism and don't have to be as apologetic about it.
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0 sats \ 1 reply \ @BlokchainB 19 Feb
They are both at fault. Capitalists lost the plot of developing humans and communities and left it to the government while the top of the heap justify compensation beyond their own personal productivity.
If we didn’t have this welfare government state then companies will have more of an incentive to care for their labor and take more risks instead of geographically arbitraging labor to zero (looking at you apple) in pursuit in becoming a trillion dollar company. And leaving it to the government to clean up the mess while skirting taxes.
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29 sats \ 0 replies \ @kepford 19 Feb
It sounds like you are saying incentives matter. Fix the incentives. You will always have greed and grift so when you have a rigged system people will exploit it. Fix the system, you can't fix human evil with government or bitcoin.
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