Saturday, November 16, 2019

Understanding Capital: Tech vs. Finance Discussion


q-bird said...

The tech system needs money from the finance system to operate, so they may have a leading role in managing the system, their roots are still in investment finance. It is not either/or at this stage. The most powerful act as monopolies and their leading CEO and main stockholders—Musk, Bezos, the Waltons, etc, are still motivated by greed and have narrow vision. That's why they resist fiercely unionization and use their billions to fund space ventures to Mars. They still operate on capitalist values and may increasingly use their wealth to buy and control governmental systems like the Senate and Presidency. They may use bitcoin as a means of taking control of the financial system in the future.

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