RE: Venture Capitalism: Making The Wealthy Even Wealtheir
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Yes this is another issue. I worked for a venture capital firm for several months. Prior to that i worked for some of the largest wallstreet firms in the country. The problem with venture capital these days is it's still based on the ill flawed capitalistic model post 1960's.
What do i mean by post 1960's. Well this is the era where families could have one earner support their entire family. This is still the era of the housewife. Not to say keeping women in the house is a goal. However to say that it was possible for one paycheck to support a family.
The capitalistic model today or the corporatist model. Is purely a profit driven model that confuses an ecosystem for an economy. So what i'm saying is our entire structure stopped caring about the worker and participants in our economy a long time ago. They then moved resources and profit over people. They made people less important. Overall that's made our society sick.
So whereas, big profits created in our systems whether it be from venture capitalist or the government picking winners. I feel is not advancement at all. So the problem i have with your article is you say it's done good. I think its done measurably worse year after year.
Now you are correct in saying that regulation keeps small investors out who could have more economic prosperity as they'd pick the next big companies. Some would lose all their money. However the opportunity may balance itself to a degree in which you could have more opportunity for wealthier citizens.
The issue though is more than likely many still based on this system wouldn't have enough disposable income to even participate then. However i still think its their choice in that state lotteries are sanctioned and there is no legal restrictions on who is able to do that if they are concerned about citizens well being. However they are more than eagar to take away any possible chance of you becoming wealthy overnite lol. So the corruption and sickness and treachery of our systems are unbelievable.
Right before i'm ready to give up on humanity. As human beings i know in my country we're behind in education tremendously. I think in Europe they got a bit better idea. So their structures when it comes to how you value people i think are a great deal better than the united states. However in europe and canada the education system is higher iq people.
Now some will say yea but these countries suffer from this or that or they gotta pay high taxes. That may be so but atleast they have enough common sense to understand a human being is more valuable than a product. More important than b eing used for cattle in consumerism. Atleast they got a little better grip on prioritizing their pyramid of values. In the United States we don't even have that.
However right before i'm ready to give up on especially Americans. Their thought processes. I run into this.
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And this is only getting worse with AI and robotics. People are being pushed out of the equation.
I dont think it is debatable that some of what have come out of venture funding has done a lot of good for society. I agree with you that there is only one focus of corporations is profit and that is a problem. However, many of the things we have now were funded by VCs. In fact, their hand is all over the tech wave of the last 30 years.
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Well i mean here's the problem. What exactly are we calling advancement though? For example sure you can make the statement venture capital firms have funded the next gadgets and innovation the my pillow guy. sham wow guy lol. I would still raise the question though in a serious manner what exactly is advancement?
Obviously i'm not saying that there haven't been some great inventions. The more important question though is has the system we have now done more damage than good? Has it done more unnecessary damage when it didn't have to. I believe the answer is yes.
So to me advancement looks like more economic prosperity to all. We can check the box no on that. As people have gotten poorer the last 60 years not richer. That's provable data wise. We're living longer but not necessarily living healthier with a better quality of life. Many are miserable with their jobs and unhappy with their governments. To me those are the marks of advancement.
I"m not sure we need a venture capital firm to go fund a super soaker water gun, although that was fun lol. Same thing with crypto i don't know if we need another redundant project. So yes i agree vc firms hit on targets sometimes. although i've been humorous and serious at the same time. Sure vc's have hit right on in certain levels but certainly nowhere near the good they could have done if they had a better system which they don't have because its based on this failed model of what we worship i our minds called capitalism.. i call it corporatism. .that's been imploding for the last century.
What makes me feel more optimistic is there are some companies now introducting the idea of the " social company". In other words they wanna go back to the mood of the 50's and 60's. When your boss was worried about your home life and if it could do anything more to help you and your family. When the overall health of the system was good and not just some entity acting as a person but not a person only serving itself for itself and not for the common betterment for the communities they operate in and the people they hire.
I would have agreed that crypto would be a great new way to start all of this through venture capital using the blockchain. Unfortunately crypto has shown me so far that it's nothing more than me going on nasdaq and buying some penny stocks and taking huge risks. They gotta show me more the chain has to show me more. I think it has to show the rest of the world more. At this point all crypto is succeeding in doing is showing us it can replicate an existing economy and create a new asset class preferrable for banks. I'm not impressed and until there is a consciousness shift i dont think it looks very good. Now there are some project in my opinion just make sense should be on the chain. Products like Singularity.net. Which is decentralizing ai and making it safer for us all for a multitude of reasons. So thats good. However to be honest when i think of venture capital on the blockchain.
Do you know what i picture? I picture something like this hive proposal system. I wasn't impressed with that as well. So i think we got a long way to go. I hope we get there. I dont feel people at this stage think cryptocurrency is important in their lives. An ole wise man a long time ago told me. If you wanna make alot of money you gotta help alot of people. So alot of people come here they really wanna get rich. You gotta be valuable and relevant to people where they can see it . where there is a demonstration in their lives to get to that point where that is going to be significant enough to attract people. So alot of things has to happen. I just hope it doesn't take 50 years for us to get there lol.
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