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by scotu 1522 days ago
why does there need to be profit where there is no natural scarcity?
2 comments

During deflation the interest rate falls to 0% which is correct but since money is going up in value, the real interest rate is still positive. This means the real interest rate doesn't actually fall to 0% meaning profit is necessary even in an economy without growth.
It seems vanishingly unlikely for a company like Meta to operate something without a profit motive.
I suppose I was thinking the original comment referred to the concept of metaverse, not FB's product. Then my question was: do companies have to colonize something that doesn't have scarcity and fake it so that they can profit?