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.
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@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?
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.