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   Paul Cantrell (inthehands@hachyderm.io)'s status on Tuesday, 13-May-2025 10:54:21 JST Paul Cantrell

   I don’t think this is true. But understanding that people •believe• it’s true — that the entirety of labor is about to be replaced by Mr. Data — is key to understanding this horrifying incarnation of investor capitalism in which we’re currently living.
   https://m.ai6yr.org/@ai6yr/114495256962149084

   • tinydoctor and Silver Huskey repeated this.
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     Paul Cantrell (inthehands@hachyderm.io)'s status on Tuesday, 13-May-2025 10:58:29 JST Paul Cantrell

     in reply to

     Wealth for businesses doesn’t come from customers anymore; it comes from investors. That’s what extreme wealth inequality does. And risk-tolerant investors are all vibes. So basically a business owner’s ability to get rich depends entirely on just how much bullshit they can get a few billionaires to believe.

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Tuesday, 13-May-2025 11:00:51 JST Paul Cantrell

     in reply to

     • It's Alright, I Guess

     @itsalrightiguess
     Of course! But profit just means you get out before the suckers, not that the company you’re investing in is ever profitable.

   • Embed this notice
     It's Alright, I Guess (itsalrightiguess@mastodon.world)'s status on Tuesday, 13-May-2025 11:00:52 JST It's Alright, I Guess

     in reply to

     @inthehands Do investors even care about whether their investment makes a profit anymore?

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     Paul Cantrell (inthehands@hachyderm.io)'s status on Tuesday, 13-May-2025 11:14:43 JST Paul Cantrell

     in reply to

     • Curtis Nordgaard
     • It's Alright, I Guess

     @curt_nordgaard @itsalrightiguess
     The Ponzi Scheme has a thousand faces

   • Embed this notice
     Curtis Nordgaard (curt_nordgaard@mstdn.social)'s status on Tuesday, 13-May-2025 11:14:44 JST Curtis Nordgaard

     in reply to

     • It's Alright, I Guess

     @itsalrightiguess @inthehands Astute

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     It's Alright, I Guess (itsalrightiguess@mastodon.world)'s status on Tuesday, 13-May-2025 11:14:46 JST It's Alright, I Guess

     in reply to

     @inthehands Ahh, so basically the economics of Bitcoin but applied to investing in companies.

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     Michael Dekker (dekk@hachyderm.io)'s status on Tuesday, 13-May-2025 11:23:20 JST Michael Dekker

     in reply to

     @inthehands We need to move from a social contract that provides returns on labor to owners of capital, to one that provides returns on capital to owners of labor. We can’t because racists would rather work for The Man and be poor than work for a co-op and share wealth with people of color.