Comment on HyperVerse hedge fund CEO may not exist — Investigation finds no record of identity after collapse causing an estimated $1.3 billion in customer losses

• jmp242@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

  That might be your framing of capitalism, but I’d argue it’s one that takes into account the reality of greed and tries to harness it to run the system.

  Government actors - kind of what I think of as a common alternative to capitalism - also act shady and like to hide who they are for many reasons not related to money but instead to power. They have just as much incentive, driven by a potentially similar base human desire, that are orthogonal at best to capitalism if not it’s opposite. I suppose you can argue that non capitalist governments, or governments in non capitalist or capitalist societies do not have shady politicians, but that seems like a very difficult argument to make.

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  • SnotFlickerman@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

    Of course I’m not saying greed and shadyness don’t exist elsewhere, but that’s ostensibly the purpose of governance is to try to create a system where that isn’t happening, as much as you can try.

    but I’d argue it’s one that takes into account the reality of greed and tries to harness it to run the system.

    And if you really want to ignore how out of control the greed has gotten because of that, you do you, man. We’re literally at a point where every major corporation has already fully captured the market, so to make any new lines of profit they’re just finding ways to squeeze pennies out of consumers instead offering anything compelling. It’s just nickel and diming us to death.

    So yeah, it worked out fucking shitty and my framing is exactly because of the lived reality of fucking millions. Please stop acting like our lived reality is just a “framing.”

    No, it’s the suffering we suffer under it every day, motherfucker.

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    • jmp242@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

      Yes, capitalism is shitty. I will not say it’s a good system, just that it seems to be the least bad a large scale society has managed to implement. Large attempts to explicitly be anti-capitalist didn’t work out better than current day late stage capitalism by any metric I’m aware of.

      But all of that is irrelevant to the main point that saying there cannot be scammers because capitalism inherently makes all participants scammers is just incorrect.

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      • msage@programming.dev ⁨1⁩ ⁨year⁩ ago

        Jesus, I hate these arguments so much.

        Look at how well this works

        The planet is dying, majority of people are hungry, and only the lucky few are living their own utopia, while the rest gets fucked.

        And no, the ‘current system’ didn’t help people out of poverty, instead it robbed every developing nations of their future. And everyone else, too.

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