HeavenlyPossumMar 18

Mark Zuckerberg directed the investment of something like $70-80 billion into his “VR metaverse,” which is now shutting down on 15 June.

I have been assured that capitalist ownership is warranted because capitalists take risks and because they make important decisions about capital allocation.

Show threadHeavenlyPossumMar 18

We are ruled by absolute bumblefucks who have no better idea than anyone else about how to “allocate capital,” who are convinced of their own genius and who will gleefully throw away $80 billion (of mostly other people’s money) in pursuit of ever so slightly higher marginal returns because they are obsessed with accumulating ever more power for themselves.

They’re so rich that they can make catastrophic mistakes like “misallocating $80 billion” and never worry about losing their status as ultra-rich capitalist owners.

Show threadThree plus or minus five
@HeavenlyPossum
The part of the capitalist story I find laughable is the “take risks” part. No one who decided about the investment will have any change made to their lives because of failure, but every single person they are about to lay off took big risks and is getting hurt. And they would have gotten practically nothing if it had been a success.
Mar 18 at 9:53pmWeb
Show threadAsta [AMP]Mar 19
@ThreeSigma @HeavenlyPossum your till is off by 20 dollars too many times because you're overworked? your ass is grass

you waste 80 billion on artificial scarcity populated by legless mannequins that costs 300 dollars and untold amounts of sweat and nausea to partake in? genius, here's more money