You’d think so, but unfortunately not. Venture captial is completely illogical, designed around boom or bust “moonshot” ideas that are supposed to completely change everything. So this money isn’t driven by actual consumption, rather speculation.
I can’t really speak to other forms of investment but I suspect it doesn’t get a whole lot better. The economy has become far too financialised with a fiat currency that is completely separate from actual intrinsic value. That’s why a watch can cost more than a family home, which isn’t true consumption - just this weird concept of “wealth”
You’d think so, but unfortunately not. Venture captial is completely illogical, designed around boom or bust “moonshot” ideas that are supposed to completely change everything. So this money isn’t driven by actual consumption, rather speculation. I can’t really speak to other forms of investment but I suspect it doesn’t get a whole lot better. The economy has become far too financialised with a fiat currency that is completely separate from actual intrinsic value. That’s why a watch can cost more than a family home, which isn’t true consumption - just this weird concept of “wealth”