Do you have a cat ?
bravedave
@braversdavers
1h
Well put, but assumes that the left cares in the slightest about prosperity, or even bringing people out of poverty. I used to make really great arguments for Milton Friedman style economics to my friends on the left. Now I save myself the trouble by just giving the cat a bath.
From that tweet
"The entrepreneur invests his own money. If he allocates badly, he loses everything. The market corrects him brutally, no appeal. That's why most startups die: the system kills bad decisions."
What a fucking moron.
SpaceX's total debt and finance leases are around $36.8 billion, with reports indicating the company is also seeking an additional $40 billion in financing led by Apollo to purchase Nvidia artificial intelligence chips.
Coreweave - 52 billion in Debt.
They aren't investing their own money. They are investing YOUR money. All that money you have stashed away in various places has been lent to these "entrepreneurs" who are lighting it on fire. And even if you say "oh but I don't have a pension, and my money is in my house". If they collapse the market, your house value craters too. As we saw in 2008, they allocate it badly, they lose nothing.
Get a cup.