21–22 of 22 posts
"Accredited investor" is a complete joke of a term. It implies some kind of education in the topic, but the only qualifications are making enough money each year or having enough money in the bank.
As if no one making less than $200k has the money or the mental capacity to invest in something risky.
Earlier quoted context omitted.
You confuse cause for effect. Emerging monopolies gain the power to warp regulations in their favor by virtue of the concentration of wealth and power. That concentration is an inevitable consequence of the wealth-income feedback loop. Without limits on wealth, capitalism collapses in on itself like a black hole.
> Emerging monopolies gain the power to warp regulations in their favor by virtue of the concentration of wealth and power. Exactly. And no civilization on earth has yet solved the "Power tends to corrupt; absolute power corrupts absolutely." problem at scale. In what society does power not exist in some form? In even the most primitive of human societies the first and best portion of the meal would be given to those…
You're not looking very hard. As I suggested above, we can pursue government policies (largely independent of government size) that favor decentralization. We don't have to throw up our hands in defeatism. We have perfectly good processes to implement these policies and improve our society. The only real obstacle, frankly, is the kind of fatalistic passivity you're proposing.