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1. Embed this notice
   Charlie Stross (cstross@wandering.shop)'s status on Monday, 29-Jul-2024 23:23:37 JST Charlie Stross

   IMO this is very telling—that when a VC specifically tries to back sustainable businesses rather than maximum grift investment vehicle for billionaires, they get a portfolio of businesses started by 50% women and 30% people of colour.

   Turns out that capitalism *can* be done as a social good, but most capitalists *won't*.
   https://hachyderm.io/@Di4na/112869492905371171

   • Embed this notice
     Jer (jer@chirp.enworld.org)'s status on Monday, 29-Jul-2024 23:23:34 JST Jer

     in reply to

     • Thomas Depierre
     • Graydon

     @graydon @Di4na @cstross It's farther than that. It's that the accumulation of wealth is their god. It isn't that the wealth is a sign of favor like prosperity gospel Christians - they are as devoted to the accumulation of wealth as a 90 year old grandmother praying rosaries in church is to Jesus. Many even think their wealth will bring them immortality.

     Lovecraftian cults have nothing on billionaires worship of wealth acquisition. They would sacrifice the planet for their god.

   • Embed this notice
     Graydon (graydon@canada.masto.host)'s status on Monday, 29-Jul-2024 23:23:35 JST Graydon

     in reply to

     • Thomas Depierre

     @Di4na @cstross Mammonites/Mammonism.

     Functionally, they believe that money is the material love of god. And under no circumstances do you ever want god to love you less, so it turns out you're trying to obtain all the money.

     It's needy and unstable and something beyond the usual imperial power structure failure of using access to military power to guarantee a commercial outcome.

     Warner Crocker repeated this.
   • Embed this notice
     Thomas Depierre (di4na@hachyderm.io)'s status on Monday, 29-Jul-2024 23:23:36 JST Thomas Depierre

     in reply to

     @cstross yaaaaaaaaaaas

     Exactly

     And it makes more money with less risk and less investment. I have started to stop calling VC and co capitalism. They are not really following capitalism ideas. But I do not have a word for them and their ideology.