james on Nostr: I fully disagree with this. Some ventures are extremely expensive. If I wanted to ...

I fully disagree with this. Some ventures are extremely expensive. If I wanted to further space travel, launch satellites to provide the world with internet, kickstart an underground travel infrastructure, or buy one of the only popular platforms to dial back censorship—I’d need billions. Any large project has extreme capital requirements. Relying on the state and ONLY the state for everything expensive is a risky proposition when we’re talking about progressing humanity forward. You’re fully hoping that the state isn’t wasteful, is competent, and is accountable. You’re tethered to the outcomes of the state with nothing happening in the private sector.

The idea that capital is used solely for personal consumption is extremely misguided. The truly wealthy only use a small percentage of their assets for themselves. A large percentage goes into businesses and projects.