We could be building great businesses, creating jobs, and adding a lot of value to civilization
But it’s much more profitable to buy magic internet money and sell it for the kind of profits that a company could never bring.
Even Donald Trump would have been much wealthier if he invested everything in S&P500 instead of building any of his real estate projects.
The incentives are fucked. But one must choose to build something meaningful and create value. I guess it’s always been this way.
