>Capitalism is frequently misrepresented as a “natural” system, civilization’s base state, absent government involvement.
The younger you are when you learn or realize this, the healthier will your spirit be.
plastic-enjoyer 9 hours ago [-]
Skin in the Game by Nassim Taleb becomes highly relevant here
RicoElectrico 10 hours ago [-]
In the recent history, the closest to capitalists actually taking the risk I can think of is family business owners in 90s Poland. While there were new export markets opening up and domesting demand growing as well, for some reason (I presume lending market was barely there) there were multiple stories of entrepreneurs quite literally betting the farm, mortgaging their houses etc. Some succeeded, some not quite.
horns4lyfe 9 hours ago [-]
How is now different? Most small business owners do that
RicoElectrico 9 hours ago [-]
In Poland at least, the default investment of capital for such people (and doctors, and lawyers etc.) is real estate. No matter what, they will get a soft landing with rent income.
Back then the real estate market was non-existent. Consumer mortgages weren't a thing up until early 2000s.
Then again, I was talking about companies that have had some potential for scaling, like processed food, manufacturing etc. - not businesses that are inherently local.
49369201837 9 hours ago [-]
Socialists don't create value, they steal it.
AngryData 4 hours ago [-]
So the Soviets stole space satellites and rockets from... aliens?
vrganj 9 hours ago [-]
This doesn't make any sense. Value is just labor time. Are you suggesting socialists don't do any labor?
vegan_muffin 8 hours ago [-]
Duke Nukem Forever must have been very valuable when it came out then.
gtrplyrjimi 4 hours ago [-]
The free rider problem. Also, criminals and capitalist don't just disappear in socialism. They just capture the government.
t0mpr1c3 2 hours ago [-]
It is ludicrous to think that a criminal could capture and loot the government of a capitalist country. Like the USA
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The younger you are when you learn or realize this, the healthier will your spirit be.
Back then the real estate market was non-existent. Consumer mortgages weren't a thing up until early 2000s.
Then again, I was talking about companies that have had some potential for scaling, like processed food, manufacturing etc. - not businesses that are inherently local.