cryptoleft

If stocks didn’t exist, Elon, Bezos, and Thiel wouldn’t be megabillionaires. They’d have to pay themselves and their investors with real income not with this funny money that they can’t actually sell without it rapidly depreciating. All of the insane things rich people do with borrowing money to acquire things essentially for free is because stocks exist, and thus merely eliminating one thing (shares of companies) would radically reshape the world we live in, what wealth means, and the nature of power.

Discuss.

“Venture Communism” was brought up, and it’s true that this model could be a good alternative.

I talked about this idea (care of Dmytri Kleiner), alongside other protopian funding models in my post “Tales from the Mushroom Commune”

“Venture Communism” was brought up, and it’s true that this model could be a good alternative.

I talked about this idea (care of Dmytri Kleiner), alongside other protopian funding models in my post “Tales from the Mushroom Commune”

https://thumbsup.mirror.xyz/YBai68ahURx92dWHbzyZz383a84brqDJEB6DlYYbioI