Last line is the kicker. Capitalism is a pyramid scheme that only works (solely for those at the top who actually collect from said pyramid) when an ever growing percentage of people are cut out from being able to participate in capitalism (don’t worry! those people cut out, still contribute to the pyramid).
Yeah and if I kept investing $100 a month in the lottery it could be worth $500M today. Or it could be worthless because, as this clown already knows, no one can predict the next 30 fucking years like some clairvoyant.
OK, Biff, if you’re so smart, what’s the play right now? Why aren’t you investigating $100 a month in a small online bookstore that will one day be a tech supergiant?
1998: I invested in this small company that makes this pretty decent way to search for things on the internet. Can’t imagine it will be able to compete with the big boys like Yahoo!Search or even edge out the cool new guys like AskJeeves, but I like that they have “dont be evil” as part of their company rules.
2025: I own every detail of your lives. Our eyes are always watching. I’m richer than God. Our search engine is almost useless.
Thanks, it’s really comforting to know that I could’ve been participating in exploitation of workers and sellers myself. Monopolized markets are working, guys!
Tbf most people would much rather be the person earning out of that exploitation than be the one being exploited for pennies
No one wants to be on the “being exploited” end, but that’s the main feature of current capitalism: a million losers for each winner
You should have invested in the exploration of America
You’d have to be clairvoyant to have known that in 1997, though. And if you’re clairvoyant, casinos offer a better return on investment.
Pets.com is held up as the example of these late 90s tech bubble. No one could ever believe your have pet supplies sold online when you have a pet store a short drive away.
The problem with the company’s business plan was that pet supplies of all types—food, toys, clothing, and so on—could be found easily at the nearest grocery or pet store. Given the choice between ordering online and waiting for delivery or walking into the nearest store to buy the product and take it home immediately, the majority of people preferred the latter.
But now Chewy is a very successful company with a loyal customer base and even Amazon covers much of what was sold at Pets.com.
People will say things like it was a good idea that was too early. But at the time it was ridiculed for the naivete and exuberance of people in the tech world.
if you’re clairvoyant, casinos offer a better return on investment.
I dunno… suddenly demonstrating clairvoyance in a casino sounds like a great way to experience cheater’s justice…
Yah if i could see twenty years into the future I’d have far more than $25 million in the bank
So if you invested 10% of your monthly income every month for 20 years, in a single company, you could be worth 0.00001% of what bezos is worth. Or you could have picked the wrong company and have every cent of your savings wiped out. Sounds like a win/win!
Don’t pick companies that will lose, man, simple
Consider this, if you invest in an ice cream vending machines now, where will you be in 10 years?
Just do that 10,000 times over 300,000 years and you’ll have as much as Bazy Boy
Capitalism works when people can participate and be claolirvoyant and see a massive shift in the communications industry leading to massive monopolies that are able to abuse society!
It’s only $100/month for you too to support a not starving dragon at Amazon HQ.
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Well, why weren’t you investing 100 USD in Amazon every month since 1997, Vijay? Or since 2007?
Don’t forget the cellar boxing and theft of others business after being invited to amazon and then copied.
Capitalism works when people can participate
OK then, let’s allow all people to participate by giving everyone their fair share of Amazon and other big businesses.
I’m all for communising them. I’m just not sure that capitalism is the right expression for that, but I can’t come up with a better word…
Communtarianizing?
How much would I have if I invested $100/month in Enron during that same time period?
