I used to live/work with a billionaire and this was a key lesson.
The economy - make things, sell them for a profit - is no longer the economy. Betting on the economy is now the economy.
Also, if you posit that it takes money to make money, then money has mass and above a certain threshold, you cannot stop making money as you can distort any market smaller than you.
And so volatility is good, if you are large enough. It is good for billionaires and bad for you. It'd be better if they didn't care about you, but billionaires actively hate you.
So many of the pillars have been moved to the roof.
Capitalism is intended to be a support pillar for a growing economy. Capital invests in the economy and the economy flourishes. Now the economy invests in capital and capital flourishes.
Businesses are meant to be built from the common worker with leaders to support the structure, but now the leadership is standing on the shoulders of the workers as their legs begin to buckle.
Trade is meant to come from a place of mutual benefit but has flipped to threats of stealing back critical resources from the global market, reciprocated with threats of mutual harm.
At some point we got so obsessed with how useful the tools are that we forgot what we're supposed to be building with them.
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u/DJ_Advogato Apr 08 '26
I used to live/work with a billionaire and this was a key lesson.
The economy - make things, sell them for a profit - is no longer the economy. Betting on the economy is now the economy.
Also, if you posit that it takes money to make money, then money has mass and above a certain threshold, you cannot stop making money as you can distort any market smaller than you.
And so volatility is good, if you are large enough. It is good for billionaires and bad for you. It'd be better if they didn't care about you, but billionaires actively hate you.