Message from @Aero
Discord ID: 545367111812251659
The investors are probably going to crash Patreon, leading to investors going to lick their wounds when their excessive greed has pushed Patreon to a multi-channel network model that is highly unpopular.
Then other companies can take over
Economic power can only be held b voluntary means
Which is a good thing. I'm going to laugh when Patreon crashes. And the venture capitalists would also be at the suffering end.
Actually... maybe the venture capitalists aren't in the suffering end if they aren't basically purchasing a part of the company but just provide high-interest loans. Except of course if they drive Patreon to bankruptcy before they get their money out. And they'd get their money out if the granted extra time to pay it out, but since there's many loan givers, one choosing to extend it would only mean the other vultures would get their money and the ones extending might be left to lick their fingers.
I'm curious what sort of agreements those investors have come up with Patreon. And why did Patreon take so much money when they are just in transaction business, and most of marketing of Patreon has been done memetically by Patreon's customers (because otherwise they wouldn't get pledges). How did they waste so many millions of dollars?
Is it perhaps just lefty California hipsters not being, perhaps, the best people to handle money to begin with?
I dont know
Silicon valley is great though
Silicommie Valley
Venture capitalists are gamblers
Finally
They make investments on a large number of companies and expect one to pay off several times while all others produce a loss.
We did it gaymers
After it took plenty of persuasion from YouTubers with influence to get off their dumb asses
@Blackhawk342 to be fair, is that different than most R&D work?
Nah, R&D is kinda like playing hide and seek while the seeker is blindfolded
Any economists or people in finance here? Wondering if any of you have thoughts on the relatively new "Modern Monetary Theory" and the increasing US government debt relative to the relatively stable worth of the US dollar.
MMT is the economics of agenda 21
can anyone explain to me how it makes sense? I watched a couple videos about it, and it really seems like they're advocating for countries to just print money for their social programs.
It doesn't make sense. It's commie propaganda.
If you're not listening to Tom Woods regularly, *you're wrong.*
Who's thaaat
some historian dude with a podcast?
he looks like a potato
i'm enjoying it so far
gotta go to sleep though. continuing later.
@Aero I just listened to this one today, and honestly anyone who's to the Right of Tim Pool should listen to this one. Probably the best one for normies I've heard.
Also, Sargon of Akkad as well. It makes his argument about individualism vs collectivism seem autistic lol
https://www.youtube.com/watch?v=OPLsAc55UaY
Sargon calling himself an individualist is inconsistent with also supporting the social contract.
i'll check out more of his stuff. tbh, i'm currently mainly interested in this "MMT", which appears to have come out from left field. When I hear "print money as you want", I immediately get a bit concerned... and this stuff is being taught in colleges ffs! (i haven't really been paying attention to the development of this brain cancer... only just found it yesterday)
@halfthink If you watched my video link, you would realize you and sargon are both wrong lol
i'm of the opinion that you can be both an individualist and support a social contract, unless we get into 'purity tests'. just like how a capitalist can like *some* social programs.
what do i know though. ill watch your vid tomorrow fitzydog
You can't really be an individualist and not an ancap.
again, this is where we get into purity tests, which I will agree to disagree with people on.
Essentially, the argument is that actuall individuality is having the freedom to choose which communities you are a part of, because a community is a necessary part of being human
No one exists in a vacuum, nor do they want to
this MMT discussion is leading me to believe that proponents of MMT really don't understand accounting... or at least can't distinguish the meaning of numbers on a balance sheet.