If most of the capital is in the hands of tech bros who live out their fantasies from 1980s SciFi novels, it is going to be misallocated.
The fake economy is now about AI, gambling and cryptocurrencies. It does not help that the current administration contains several Epstein disciples when Epstein was into these tech fantasies as well.
The misallocation of capital claims to grow the pie, but it dilutes the pie with fake growth so people that own the fake parts have more money to buy up the good parts.
The fake economy is now about AI, gambling and cryptocurrencies. It does not help that the current administration contains several Epstein disciples when Epstein was into these tech fantasies as well.
The misallocation of capital claims to grow the pie, but it dilutes the pie with fake growth so people that own the fake parts have more money to buy up the good parts.