this post was submitted on 21 Oct 2024
933 points (97.3% liked)
Technology
59756 readers
2800 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The uncertainty of it is exactly why it shouldn't suck up as much capital and resources as it is doing.
Shouldn't, definitely. But for a while, it will keep running, because that's how a lot of speculative investment works.
I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
The argument could be made economically rather than ideologically.
Capitalism has a failure mode where too much capital gets concentrated into too few hands, depressing the flow of money moving through the economy.
But Capitalists start crying "Socialism!" as soon as you start talking about anti-trust.