6.30.2024

"Nobody's money" can be dangerous money

For full transparency, I strongly detest socialism.

I'm a big fan of capitalism, even though there are certain types of businesses I'm not overly fond of. One of them is giant pension companies that risk the financial future of their investors in favor of so-called green investments and start-ups.

Another is companies where there is no clear owner, for example hedge funds, venture capital companies, etc., which invest short-term with the sole intention of making as much money as possible in the shortest time, often bonus-based. These companies can take over entire local areas and moves all profits to parent or sister companies that are often located in other countries or even continents. These companies naturally have no interest in the area and refrain from reinvesting because of potential bonus system anything in the local community. This often impoverishes the local business community and, in the long run, the local population as well.

As much as I dislike this procedure, I detest socialism considerably more.

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