this post was submitted on 10 Dec 2024
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Late Stage Capitalism
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Have you ever considered people becoming billionaires of companies that haven't made a single cent of profit? Spotify never made any profit for example and is still valued at just 96 bn USD
Stock valuation has nothing to do with the current conversation but billionaires shouldn't exist at all whole homeless people exist, it's that simple.
I don't think billionaires shouldn't exist necessarily, I do think homeless people shouldn't exist tho.
One doesn't exist without the other, for someone to become a billionaire they need to take their money somewhere and that somewhere is in the pockets of people like you and me.