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by bko 362 days ago
> In simpler terms, if everyone skipped college and just invested in the stock market, then the market will collapse because no one is producing the goods and services the market is trading kn... you have to account for everyone using it, and see if its sustainable

This is just silly. I can give advice to my son "you should go to college" and on the margin, I could think more people should go to college, and then somebody like you comes in "If everyone went to college who would pick up garbage??" as though its some profound statement.

If you think capital grows faster than labor (conditional not 100% of the population), on the margin you should invest more in capital.

You're tilting at windmills here.

1 comments

It doesnt stay at the margin though. We are having a shortage of trades because of exactly the inflation of college that you inadvertantly pointed out.

Now, the economy has homeostatic systems to correct for these disturbances but if it keeps trying to maintain these unstable equilibrium of keeping greedy shortsighted people from destroying society through imbalance, then it wont actually have meaningful growth

In the past decades of the startup bubble, we have outsourced more and more real value, like manufacturing, steel, chips etc, and increased things theranos, crypto, and wework. We need to focus on real value rather than have everyone chase capital and we need to make it so people without capital can live in dignity just by contributing to society, rather than feeling they should chase a bag to get their peice of the pie while the rest of society degrades around them