Trust a downturn to expose the rot we didn’t care to see

Posted: May 4, 2020 in Economics, Paper money
Tags: , , ,

https://www.theguardian.com/commentisfree/2020/may/02/deliveroo-venture-capitalism-food-delivery-business-model

This is the entire venture capital model – the financial model for Silicon Valley and the whole technology sector beyond it. Don’t worry about growing slowly and sustainably, don’t worry about profit, don’t worry about consequences. Just go flat out, hell for leather, and get as big as you can as fast as you can. It doesn’t matter than most companies will try and fail, provided a few succeed. Valuations will soar

The linked article above examines the latest exposure of short termist business practice which again points to faulty price signals across the economy…

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