I think more than 50% of our economy's businesses, are cosplaying. Not in it for customers or profit; in it for investors and investments. "Looking like a business", as your real line of work.
@hmnt_bazookaprofilefollowYear 4 CS. Like tech, systems, game devreplied to@rossdavidhprofilefollow:
Like a very elaborate pump and dump but with an intellect and capital entry barrier
@ryansepassiprofilefollowreplied to@hmnt_bazookaprofilefollowYear 4 CS. Like tech, systems, game dev:
Influencing, OnlyFans, sports betting, prediction markets. Gambling is fast becoming the American way of life.
@procyonprofilefollowlate is the hour in which this conjuror chooses to appearreplied to@ryansepassiprofilefollow:
"Financial nihilism" is the keyword
I've never thought of something like OF as gambling. But I guess your point is that young adults are pushed to a lot of "you have a 0.1% chance of hitting it big and a 99.9% chance of getting no online traction at all" types of careers?
Yeah, no point in investing in yourself or a real sustainable long-term future, just gamble the little you have for a shot at life above the line. Barbell economy.
@stagas🤸profilefollowcreative technologistGitHubstagas - Overviewstagas has 462 repositories available. Follow their code on GitHub.
creator of textlogreplied to@rossdavidhprofilefollow:
I'd place it at more than 90%.
@swiley🤔profilefollowswiley.net
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If you're spending too much time on sites like these install bingeblock.comreplied to@rossdavidhprofilefollow:
100% of business exist for the sake of the owners. How else could it work?
running a small business is no joke, and "more than 50%" by count are small, correct? most go out of business within 5 years. most dont have investors, they have obligations to employees and loangivers. so hard disagree, theyre in it for profit to keep themselves afloat
I know many small business owners, and a clear majority do have investors, whether spouse, parents, or a small business loan. Easily more than 50% never make a profit. I know a woman who ran a clothing retail store for over a decade, who was never able to pay herself a dime. When the pandemic hit, everyone closed, but the ones who actually needed the business to pay their bills opened up as soon as it was allowed or shortly thereafter. Many took years. They are cosplaying.
a business loan is not an investment, it is debt financing that pays back with interest. An investment means putting money into a company to gain ownership or a share of future profits.
to me it feels like youre arguing against cosplaying, showing small businesses struggle and arent just playing boss for the funzies.