• Pup Biru@aussie.zone
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    3 days ago

    investment is an important way that money flows around an economy. safer investments tend to move money slowly… if people think conditions can flip on a dime, that adds risk and more risk leads to people making otherwise safer investments (this goes double: more risk usually means more reward, so if you increase baseline risk then you’re negatively effecting both sides of the equation)… we do things like grandfathering in laws because of someone in good faith invests in something it’s good to have reasonable expectations that they’re not going to have the risk calculation changed underneath them - otherwise you have to take that risk for all classes of investment, and that’s far worse than the small (probably ~10 year) loss from not catching out the practices you’re trying to change in existing activities

    • theneverfox@pawb.social
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      2 days ago

      Oh, I’m well aware

      Our economy is over-financialized to hell. I think it would actually be a good thing for investments to be really damn sensitive to public good

      If you’re investing in pharma, healthcare, insurance, fossil fuels, auto, tax filing - these are some of the industries that investors should be left holding the bag.

      They shouldn’t have bet against the public good, and let’s face it - the vast majority of these investors will not have their quality of life meaningfully impacted

      They’ll be pissed, money will disappear on paper, but the real economy will benefit. Investment will make a hard swing towards companies who actually serve the public good (at least after the AI bubble pops)

      It’s like the opposite of increasing inequality (maybe we’ll invent a word for it if it happens)