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

submitted 7 months ago* (last edited 7 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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[–] bobs_guns@lemmygrad.ml 7 points 7 months ago (1 children)

The point of doing business is to stop doing CMC and start doing MCM'. Anything else is just window dressing.

[–] bennieandthez@lemmygrad.ml 6 points 7 months ago* (last edited 7 months ago)

Not even M-C-M', now its just M-M' lmao.

I really like this summary: https://jwmason.org/wp-content/uploads/2020/02/capital-notes.pdf