Frivolous consumption would be a better thing than dumping more money into “productive companies.” Apple becomes a trillion dollar company and did that uplift the world at all? Not really. People at the top got rich. What is there to show for it but ewaste. Slave labor. Lithium mining. Data center pollution. A race to what, I’m not sure. They will spend it on lockheed stock to diversify. Missiles with swords. Bombs. Dead people. Wars to justify more bomb production. Arms races that amounts to lighting money on fire because wwiii will never happen since everyone is so globally overleveraged. Diversify into oil. More pollution. Human rights abuses. The worst leaders in the modern age rich beyond wildest imagination free to slaughter journalists and have the world look the other way after a few months of wagging a finger.
At least when they blow their money on some iberico ham a farmer somewhere keeps his livelihood. An expensive cocktail and a 200 year old distillery keeps its doors open. $100 tip on valet directly into the local economy. Live in housekeeper providing for their children.
Productivity is a cult. Why are the most “productive” things the most dehumanizing? What are the true great works of this world? Most reasonable people would say trying to help the poor, cure disease, save the environment. All things private investment has deemed insufficiently productive over some machiavellian horror.
At least when they blow their money on some iberico ham a farmer somewhere keeps his livelihood. An expensive cocktail and a 200 year old distillery keeps its doors open. $100 tip on valet directly into the local economy. Live in housekeeper providing for their children.
Productivity is a cult. Why are the most “productive” things the most dehumanizing? What are the true great works of this world? Most reasonable people would say trying to help the poor, cure disease, save the environment. All things private investment has deemed insufficiently productive over some machiavellian horror.