this post was submitted on 02 Aug 2024
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Investors are shit. If your company can't make it on the profit from the product or service, it shouldn't exist.
At the same time, any company large enough to capture more than half the marketshare of any single segment should be broken up into at least 3 companies.
And private equity companies buying up small companies and then trading them like playing cards should be banned as well.
I'm so tired of these lazy, fat, investor class chuckle fucks getting handouts from the government.
This is a primary purpose of the state. It was literally created as a protection racket for slavers.
I'm sorry do you have any understanding of how the economy works at scale?
A fundamental part of it is that money has to move. Lots of money that sits is really, really bad.
That's where investment comes in. Big projects come in (beit R&D, or production, or expansion) and they cost more to start than there is in cash reserves. You could consider a loan an investment as well. And that would be the same, making the bankers the investors (this also applies to mortgages and any other consumer loan).
They must, otherwise companies taking on multi-million dollar projects would have to have more multi-millions sitting dormant in cash reserves. And at the scale of global economies, that is a bad thing.
Pour it into your products and services. Not buying your competition. Research, develop, PAY YOUR FUCKING EMPLOYEES.
You know what moves money around the economy better than handing one asshole 10 million from the wallet of another asshole? Giving your employees enough money to live on, enough money so that they are secure and happy to work, have kids, have a life. Regular people spend their money.
Private equity is just dragons hoarding wealth in the form of businesses rather than literal coin.
Boot lick harder.
Private equity is shit. But credit is a vital part of the economy, and creditors are investors no matter how you look at it.
So without investors you rely on banks. Do you think more power to banks is the solution to all of our problems? Because I sure as hell don't.
Without investors or creditors, the alternative is being able to self-finance everything. That means sitting on money until a large project can be paid for up front and in full. That means even larger amounts of money staying idle.
But performing those projects is vital to the motion of the economy. Spending $50 mil to build a new factory, for example, means lots of work for tradespeople and everywhere in the supply chain for all materials.
You all bemoan the super wealthy. Do you think the world would be a better place if Musk had 230B stuffed in a mattress doing nothing? Because that's the world you're describing.
Private equity is a bullshit industry that shouldn't exist. You have my agreement there. Companies that exist solely for the purpose of buying and selling control of companies, or artificially inflating the value of commodities are evil, full stop, 0 disagreement. But barring private investment means centralizing power in banks. Even co-ops, I think, at large scale would be dangerous. Everyday people are far too risk averse to gamble their livelihood on long-term investments in their business.
I think the world would be a better place if Elon didn't have any money at all.
Because most of his wealth was generated off the back of government subsidy, daddy's genocide emeralds, stepping on the faces of actual innovators, and grift.
Bootlick. Harder.
How do you expect companys, however they are named and structured in your utopia, to finance large expensive projects that will not generate a return (even assuming a currency-free, post scarcity world, I would think big things still need to happen, and there has to be a benefit to doing them) for a significant period of time?
I'd really like to know what your proposed alternative is.
In a post-scarcity world, the financing of large, expensive projects does not rely on the traditional capitalist structure that prioritizes profit above all else. Instead, such projects would be driven by societal needs, scientific advancement, and the overall betterment of humanity. The collective resources of society, managed through democratic means and supported by advanced technology, would be allocated to these projects.
A cooperative approach, leveraging public funding and shared resources, ensures that the benefits of these projects are distributed equitably. This system prioritizes long-term sustainability and communal welfare over short-term profits, making it feasible to undertake significant endeavors without the constraints of capitalist profit motives.
Your question presupposes that only a profit-driven model can manage large-scale projects, but history shows that many significant advancements, such as space exploration and public infrastructure, have been achieved through public funding and collective effort. In a post-scarcity world, this approach would be even more refined and efficient, driven by a united vision of progress and equality rather than the narrow interests of profit-seeking entities.
Bootlick harder.
The people running private equity companies should just be shot
Well, once again Mr TexasDrunk, I find we agree. I just have to couch my words, as we need to "turn down the temperature" or some bullfuck.
Yeah, I know, but I'm hung over and having a bad day. Those people bring nothing to society and in most cases actively harm their employees and customers before gutting businesses, taking the money, and starting over on the next business.
Fuck them, fuck their mom, fuck their dog, fuck the horse they rode in on, fuck their grocer, and fuck them again just for good measure.
Hope you get to feeling better man. And I agree. I work for a company that was bought by private equity and it's just hot fucking garbage. Multiple times a day I dream of setting the equity partners on fire.
Appreciate it. I did a 45 minute set tonight and now I'm getting drunk. The bad shit is all melting away!
I worked for a company where that happened a decade and change ago. It was a total shit show. I was lucky and got out.
Comedy or music? Either way, I'm so interested in the vibe of what it may be.
Heavy rock music, mostly pop covers that we converted but we had to play my friend's original about fucking his ex girlfriend's sister about halfway through and a blues/rockabilly song another friend wrote about only missing a woman when he's drunk to close out.
Now I'm watching a hard rock band cover a bunch of shit from the 50s. This is pretty cool.
Damn! Sounds like a hell of a show man!
Usually is! Except the time my lead guitar player/singer got too drunk before we went on and pissed himself then passed out halfway through the set.
I'm a Texas Drunk. He's almost THE Texas Drunk. Except that trophy belongs to a friend that doesn't live here anymore who I've personally watched kill half a handle of whisky and be functional enough to get a ride home.
When I used to drink I was somewhere closer to your singer than the trophy holder.
So glad weed helped me quit drinking.
It's hard out here. They get drug tests because of the nature of their jobs. Weed just isn't for me. I wish it was because the calorie count is so much lower.
If you aren't aware already check out Leo Morrachioli
Does metal covers of pop songs. Hes fantastic. Highly recomend his version of toss a coin to your witcher, and watching the video for final countdown just to see him "bring out the smaaaall drums!"
I forgot about him! I remember his Feel Good Inc nearly a decade ago then I just never heard about him again.
Thank you for reminding me.
Fair. I've been job hunting, so I stopped smoking for the last few weeks. But it was much easier than quitting drinking ever was.
Hey now, that grocer is just a dude providing food to their community. Unless they Kroger/Vons/etc, then yeah fuck them.