• 0 Posts
  • 11 Comments
Joined 2 years ago
cake
Cake day: July 25th, 2023

help-circle


  • Perhaps we’re talking to different points. Parent comment said that investors are always looking for better and better returns. You said that’s how progress works. This sentiment is was my quibble.

    I took the “investors are always looking for better returns” to mean “unethically so” and was more talking about what happens long term. Reading your above I think you might have been talking about good faith.

    In a sound system that’s how things work, sure! The company gets investment into tech and continue to improve and the investors get to enjoy the progress’s returns.


  • You’re conflating creating dollar value with progress. Yes the technology moves the total net productivity of humankind forward.

    Investing exists because we want to incentive that. Currently you and the thread above are describing bad actors coming in, seeing this small single digit productivity increase and misrepresenting it so that other investors buy in. Then dipping and causing the bubble to burst.

    Something isn’t a ‘good’ investment just because it makes you 600% return. I could go rob someone if I wanted that return. Hell even if then killed that person by accident the net negative to human productivity would be less.

    These bubbles unsettle homes, jobs, markets, and educations. Inefficiency that makes money for anyone in the stock market should have been crushed out.








  • It’d be an uphill battle but if someone got into programming via free online courses they could build a resume via collaborating with projects on github. It’d be a way to prove skill without the diploma.

    Advice goes the same for anything where you can build a portfolio to demonstrate competency, most people in industries just care about results. This could be photography, graphic design, a physical labor like wood working etc.

    Sucks because you’d have to outlay time upfront before maybe getting payed though. Ymmv