Re:Continuous Growth Is Cancer
by glass3 on Saturday March 04, 2023 @04:43AM
(#35019597)
It's the other way round. Dept is discounted potential future growth.
Potential growth and the ability to pay back dept is the foundation for receiving money.
What the author ignores is that it is a race. There are many opportunities but not all will be successful. Failed investments transfer the money from those who made wrong predictions to those who made successful ones. This creates sustained progress because those who are good at predicting the future have the most influence.
Re:Continuous Growth Is Cancer
by 20after4 on Sunday March 05, 2023 @09:16AM
(#35029758)
Once you have a lot of influence you can influence the future instead of predicting it. This is a handy way to profit without providing any value to the rest of the system.
Potential growth and the ability to pay back dept is the foundation for receiving money.
What the author ignores is that it is a race. There are many opportunities but not all will be successful. Failed investments transfer the money from those who made wrong predictions to those who made successful ones. This creates sustained progress because those who are good at predicting the future have the most influence.