Quote from: K-Dog on Sep 10, 2023, 11:10 PMQuote from:
Nick HanauerDear 1%ers, many of our fellow citizens are starting to believe that capitalism itself is the problem. I disagree, and I'm sure you do too.
Of course he does. He couldn't be more wrong, which really IS the problem. Even well intentioned rich folks can't see that the problem is the system itself, not how well it is managed. It reequires mass consumption. The more that gets consumed, the bigger the profits.
Nick was a salesman who got lucky and was one of the founding investors of Amazon. The rest of it comes simply from having a big enough pile to gamble with as a venture capitalist. The bigger those companies got, the richer Nick got. End of story.
RE