Our economy is over-financialized to hell. I think it would actually be a good thing for investments to be really damn sensitive to public good
If you’re investing in pharma, healthcare, insurance, fossil fuels, auto, tax filing - these are some of the industries that investors should be left holding the bag.
They shouldn’t have bet against the public good, and let’s face it - the vast majority of these investors will not have their quality of life meaningfully impacted
They’ll be pissed, money will disappear on paper, but the real economy will benefit. Investment will make a hard swing towards companies who actually serve the public good (at least after the AI bubble pops)
It’s like the opposite of increasing inequality (maybe we’ll invent a word for it if it happens)
Oh, I’m well aware
Our economy is over-financialized to hell. I think it would actually be a good thing for investments to be really damn sensitive to public good
If you’re investing in pharma, healthcare, insurance, fossil fuels, auto, tax filing - these are some of the industries that investors should be left holding the bag.
They shouldn’t have bet against the public good, and let’s face it - the vast majority of these investors will not have their quality of life meaningfully impacted
They’ll be pissed, money will disappear on paper, but the real economy will benefit. Investment will make a hard swing towards companies who actually serve the public good (at least after the AI bubble pops)
It’s like the opposite of increasing inequality (maybe we’ll invent a word for it if it happens)