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Earlier quoted context omitted.
Ie, a junk economy. None of this produces value, if anything it's parasitic.
Hmm, do video games fall into the same category?
I'm intrigued how often the most mundane products and things are in fact multi million dollar industries. Would be fascinating to see in 40-50 years how AI affected that trend and pattern, the "ceiling" if you will of entrepreneurial ventures.
Absolutely. https://www.wsj.com/business/making-money-wealth-boring-8cc6...
Wrong. For that, we’d need universal healthcare.
Isn't it strange. We don't, and yet they all still flock here.
Earlier quoted context omitted.
Ie, a junk economy. None of this produces value, if anything it's parasitic.
Everyone is housed and well-fed, so we're using planetary energy resources to create dopamine hits for beer money
Seems like Instagram (and TikTok) are a big part of the story here. A lot of these 'buy my hat with a funny slogan' or 'buy my lotion' stores on Shopify, Etsy etc are highly dependent on direct-response ads / performance marketing so their fates are tied to these social media platforms
Ie, a junk economy. None of this produces value, if anything it's parasitic.
There are certainly things wrong with today's economy, starting with housing being treated as a financial asset, which encourages laws that create an artificial scarcity of it. I'm not saying there is nothing to complain about.
But the fact that not everyone is working purely to create necessities, that some of our economic output consists of luxuries? I don't really see that as a problem to be solved. If anything, I think it's a good sign. Let's not fall into the trap of just randomly complaining about everything.
Getting off the ground with a small business in America stinks in a lot of ways. Taxes are high and health insurance is really expensive when you have to cover it yourself.
Earlier quoted context omitted.
Ie, a junk economy. None of this produces value, if anything it's parasitic.
This is a good thing. If the economy was driven by essentials, it would mean we were in a VERY VERY bad place. Luckily, our economy is mostly based on luxury items, by world standards.
Earlier quoted context omitted.
Hmm, do video games fall into the same category?
Perhaps by some measure, but what I'm referring to is how everything is becoming a fly by night scam-adjacent "product" that isn't much better than Alibaba drop shipping.