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by rwallace
2691 days ago
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> The greater availability of capital has been good for founders, but as Tim points out, it’s been a mixed blessing for society. The only way to suggest that even for a moment is to compare it with a hypothetical state of affairs where capital is available from purely altruistic sources. Compared to the actual alternative state of affairs without the availability of capital - the lot of humanity for most of history and geography - blessings that exist in the real universe don't get any more unmixed. |
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