Comments by "Wei" (@wile123456) on "Hoog"
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@newtonia-uo4889 you're nitpicking specifics I mention saying it's more complicated so I posture to show that I know that and more policy changes are needed. Founders of a company holds sway, but when we look at mega corps like Amazon or Microsoft, those founders and CEO's don't really make up the foundation of the company anymore. The workers and engineers and programmers do. And while there can still be a leader, they should be democratically elected like a president of a country.
Stocks are not democratic nor are they for the common man. Most stocks bought and sold are by big hedge fund companies that don't give a shot about anything besides making money. And individuals investing might believe in a good cause of a company, ultimately large majority also only just want to turn a profit. This creates a toxic hype based culture where actual growth and value a company makes doesn't matter. Snap hat doesn't make a profit but it's stocks still skyrocket. Companies can destroy the planet, enslave populations and hire mercenaries to kill union leaders, and stocks are still bought because it's all about profit, not morals, values or bettering human society.
Bitcoin and crypto currency is the logical extension of this. Entirely hype based. Kills the climate with wasted electricity and overproduction of gpus that get dumped into landfills when obsolete. All for greed and getting profit for investment.
The entire capitalistic model is fundamentally broken at its core, and it's unsustainable in these large global markets. It's incapable of solving the crisis we currently face, and a change in systems is needed.
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