Comment on Gold
explodicle@sh.itjust.works 1 week agoThe people just getting paid just for owning something don’t seem to be contributing anything useful, and they’re using that wealth to make bad long-term decisions on our behalf. We can’t fix all the other stuff without the power to do so.
DreamlandLividity@lemmy.world 1 week ago
You know, there is nothing wrong with not knowing how investments and markets (stock, commodity, …) help direct the economy. It’s a complex topic that most people really don’t need to understand for their lives. But confidently claiming they do nothing just because you don’t know is ridiculous…
explodicle@sh.itjust.works 1 week ago
That’s the bad long-term decisions I’m talking about. They are currently directing the economy to end the world.
DreamlandLividity@lemmy.world 1 week ago
You are talking mostly nonsense. I am pretty sure what you are trying to talk about is called negative externalities. A negative externality is simply put harm that a company does to others and does not have to “pay for” itself. E.g. destroying the environment. The issue is that negative externalities don’t just apply to companies and capitalism. They are also what turns communist revolutions into authoritarian regimes. Dealing with them (or realistically minimizing their impact) is an incredibly complex subject. Trying to say we should solve it by getting rid of billionaires is like saying we should solve global worming by dropping ice cubes into the ocean.
explodicle@sh.itjust.works 1 week ago
How do externalities turn communist revolutions into authoritarian regimes?