i saw Elon Musk on a talk show the other day.
aside from the criticisims, you have to admit he's funny.
also, the critics didn't popularise the electric car, nor are they trying to launch giant rockets to space.
i'm not saying i agree with his values, but he's one of those people who keeps things interesting.
@thor > nor are they trying to launch giant rockets to space
Nor is he. Is simply owns the company were these people work
@moffintosh @thor which he set up and funded with his own money when it was so risky that no state organisations nor conventional investors would've done it, thanks to which he brought down prices of launching shit into orbit and made the whole industry more ecological.
@moffintosh @Amikke despite my huge objections, i am thinking the person who funded it.
@moffintosh @Amikke lots of good ideas out there. somebody has to pick among them.
@moffintosh @thor both made it possible, one dedicated the resources, the other used them. Both sides are very important, but when talking about a guy funding a whole company, it's easier to attribute it to him, especially since he gathered the people and made the whole thing possible in the first place.
On one side you have someone risking a substantial portion of their life savings, on the other one working to increase them.
both made it possible, one dedicated the resources, the other used them.
Ah ah, there a reason I specifically said only paid. The largest chunk of capitalists don't provide any real resources. If I need to build a chair for examoke in a chair factory, workers cut the trees, workers prepared the wood, workers managed the monetary trasaction, workers shipped the wood, workers transported it, workers stored it in a deposit, workers assembled the chair, workers then organized the shipment to the mall, workers shippes the chairs, workers put them in the exhibition to convince consumers to buy them and workers managed the trasaction when you paid it.
All the capitalist did was provide the initial capital, but then he gets to decide everything else about the prosuct and the people who actually make it forever, even if he makes thousands back over what he originally invested.
On one side you have someone risking a substantial portion of their life savings
The risk is basically non-exhistent for rich people.
@moffintosh resource allocation is the primary reason capitalism works unlike wishful thinking-based systems. Underestimating its difficulty and importance is how you get hellholes people hijack planes to get out of.
@Amikke https://cepr.org/sites/default/files/styles/flexible_wysiwyg/public/image/FromMay2014/inklaar25janfig2.png?itok=PPcMc5TY