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The hottest 14 days ever recorded are the last 2 weeks
(lemmy.world)
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this post was submitted on 18 Jul 2023
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But they kinda do. Imagine Samsung or Apple stopping innovation. Company goes bankrupt.
You think Tim Apple is coming up with their innovations? Lol
while I do completely agree with Apple depressing lack of any innovation recently, until modern foldable phones become commonplace, there is only so much you can do with a brick of glass.
That's kind of a dumb way to make the point. Innovation isn't necessarily apparent in a photo with no context or information. A bronze sword and a steel sword still both look like swords, but there a huge technological difference between them.
Hey, they came up with some interesting colours no one has used in 80 years.
Oh brother
Man I am kinda sorry, that I invade your worldview.
But rich people don’t have all their money stored in a vault like Dagobert Duck. It’s all stocks.
And boy, if one of the companies make losses, then their money goes downhill. It’s volatile.
And due to immense concurrence in innovation in the tech sector, every investor has a huge interest in innovation.
And with many investment, the start of a company is ensured.
The current capitalism is the system that works best.
Especially the US capitalism is one hell of a driver in innovation. I live in Germany and many companies wouldn’t be possible here. Even though we have capitalism, it’s much softer than its US counterpart.
The downside of course is poverty for cheaper labour.
And that’s brutal, but it’s the reality we live in.
Though I wouldn’t want to live in the US without healthcare, on the counter side I wouldn’t want to start a company here in Europe.
UserDoesNotExist, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone on this website is now dumber for having read it. I award you one downvote, and may God have mercy on your soul.
... A simple "wrong" would've just been fine....
Edit:
for those who missed the reference
Nah I like this better
.... It's the response that Billy Madison gives to that quote....
https://www.youtube.com/watch?v=Ec7rCsNFn30
btw they do store a lot of their money in vaults where it doesnt benefit the economy at all.
This is in the form of expensive art that stays in containers in tax-free zones, and offshore accounts in tax havens.
Please educate yourself.
https://archive-yaleglobal.yale.edu/content/how-wealthy-sell-treasures-tax-free
https://www.icij.org/inside-icij/2017/09/7-charts-show-how-rich-hide-their-cash
https://en.wikipedia.org/wiki/Panama_Papers
https://academic.oup.com/ser/article/20/2/539/6500315
Wealth hoarding is a massive problem irl