Re:How Did Sam Bankman-Fried Get Bail?
by AussieWog93 on Saturday December 24, 2022 @02:09AM
(#34114735)
>They’re hoarding capital
This is GP's point, AFAICT.
They're not hoarding grain or iron or silicon or network bandwidth - in fact the only reason they got rich in the first place is because they allocated these physical resources effectively to serve a wide group of people. (See AWS for example. The average computer runs at maybe 10% utilisation for 2 hours a day; whereas theirs are at a high utilisation 24/7.)
As you rightly said, the things that Bezos, Musk and Gates are "hoarding" is capital in the literal sense.
Their net worth isn't made of gold coins sitting in a swimming pool doing nothing, but car factories, server farms and massive logistics networks.
This is GP's point, AFAICT.
They're not hoarding grain or iron or silicon or network bandwidth - in fact the only reason they got rich in the first place is because they allocated these physical resources effectively to serve a wide group of people. (See AWS for example. The average computer runs at maybe 10% utilisation for 2 hours a day; whereas theirs are at a high utilisation 24/7.)
As you rightly said, the things that Bezos, Musk and Gates are "hoarding" is capital in the literal sense.
Their net worth isn't made of gold coins sitting in a swimming pool doing nothing, but car factories, server farms and massive logistics networks.