What I’ve realised being years in the industry is that everything is about short term profits, damned be the long term consequences.
A venture capitalist pumping
cryptoAI? Well that changes everything!So the capitalist actually don’t create jobs, another lie…. Sigh.
Submission Statement
The irony of this article is that Dharmesh Thakker, the head of Battery Ventures, never joins the economic dots. Venture capital firms only have other people’s money to invest, because there are other people with jobs spending money, thus generating savings, pensions, and income to invest.
You rarely see journalists in business publications asking questions that arise from this line of thought. Yet the economic logic of shredding the human workforce is recession and deflation; bad news for VC firms.
