Comment by bccdee
Yeah but most people aren't farmers. How much economic value gets tied up in investment schemes? How many people worked for years on crypto or the metaverse or what-have-you—projects that only existed to boost stock price, rather than because anyone needed them?
Our society doesn't optimize the lifestyles of its citizens. It optimizes stock price, which leads to an economy where everyone works a lot, even on things nobody needs, in pursuit of returns for investors. Does the Silicon Valley VC unicorn portfolio model actually help anyone other than VCs and founders?
Exactly. A lot of people would be bring more value to society doing literally ANYTHING else than working on the metaverse or something but they won't get compensated the same for the actually useful stuff.