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this post was submitted on 20 May 2024
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You mean, executives with "fiduciary responsibility" take extremely irresponsible actions to "maximize shareholder profits" and gut the company that produces those products such that the product is minimally viable, borderline shit, and might even kill the end user (Boeing, Tesla, GE, etc etc). Oh and jobs and the economy are on the line too, so that's great.
All of that is way more productive than crypto because something actually gets produced. Crypto is literally only gambling and scams, plus it's bad for the Earth. And I have nothing against gambling, it's the fact that vulnerable people lose tons of money thinking it's an investment.
Plus actual gambling is way more fun.
You're not making the gambling more productive, you're making the production worse.
That's why you need to think about the company you're going to invest in.
Your critique is accurate for too many companies, yes. But by far not for all.