What's the point of doing business? (lemmygrad.ml)

submitted 6 months ago* (last edited 6 months ago) by VeganicTankie@lemmygrad.ml to c/comradeship@lemmygrad.ml

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Why bother making startups when I can just invest in shares&crypto and make my usual 1-2% per year? Capitalism "breeds innovation" but most startups are really just "make toilet paper a subscription" or "buy from China/USA/Germany and resell". There are few startups based on actual scientific advancements.

Yes, I'm asking about investing while I'm broke

EDIT: 5% was an exaggeration

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[-] ksynwa@lemmygrad.ml 15 points 6 months ago

I know only one person who engaged in startups. Two of them failed and one still exists though I am sure it is not profitable. He has a bachelors in business and has marinated himself thoroughly in liberal capitalist kool aid so he probably thought he knew how money is made. He wanted to make products rather than invest because he wanted to be like one of those local iNnOvAtIVe CEOs that are often published about in the newspaper. Some ppl just wanna be the glorious risk takers I suppose.

this post was submitted on 29 Apr 2024

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