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Why would I give a shit about an unnecessary and wasteful new phone coming out? And why are you calling that innovation? What innovation?
Also, a huge amount of innovation, including the internet you're using right now, was government-funded.
It's a myth that capitalism is necessary for innovation.
You seem very invested (no pun intended) in the idea that gaining material things and money are what people should have as goals.
The phone thing directly affects competition in the proprietary chip market which affects the phone or laptop or other electronic device you are using to comment on here. The entire system and way of life you live is directly tied to the success of the stock market and in turn economy that system produces. And yes I am very invested in feeding my child, gotta have money to do that. I truly envy those who have never been homeless and have always had family and support to help them, maybe those people wouldn't understand the value of money the same way because they never had to steal for their food or starve. By the way, after I made this argument Bitcoin surpassed silver to become the 8th most valuable asset in the entire world. More than Coca Cola and Pepsi COMBINED. Being upset about it or wishing it didn't exist won't make it go away
"Capitalism isn't going anywhere, therefore it is a good thing" is a strange argument.
"Capitalism affects everything around me that I use daily" is the actual argument. And it does that through the stock market which you said yourself is like a gamble of money. But no, Bitcoin is the problem and everyone's just an asshole if they trade it or make money on it is what you had said to that dude. But not the hedge fund worker you give your 401K to?
I don't have a 401k. Why did you assume I had a 401k?