Re:Crypto, the Left and Technofeudalism
by sangnoir on Saturday April 23, 2022 @11:00PM
(#31140911)
> The best answer I can come up with is some sort of dystopian form of government picked winners where tax money replaced investment capital
if you squint a bit, that's what has been happening in the past 4 or so years considering the the amount of money the feds pumped into money markets that filtered through venture capital funds. This is one of Yanis' postulation: that businesses that require capital don't have to rely on profits, and can instead benefit from money printing; and I'll put up Uber as exhibit A.
if you squint a bit, that's what has been happening in the past 4 or so years considering the the amount of money the feds pumped into money markets that filtered through venture capital funds. This is one of Yanis' postulation: that businesses that require capital don't have to rely on profits, and can instead benefit from money printing; and I'll put up Uber as exhibit A.