this post was submitted on 31 Dec 2023
278 points (95.7% liked)
Technology
59695 readers
2569 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Which would actually accelerate progress more than any other national allocation of funds.
Ever since the industrial revolution, the driver of progress has been mass purchasing and mass production.
If only billionaires could afford an iPhone, we would only be on the 3rd or 4th revision by now.
It was the subsiding of cell phone hardware that accelerated that market because carriers effectively covered hundreds of the costs so nearly everyone was buying them every two years.
If people want acceleration of the future, inject as much money as possible to main street - it's the closest equivalent to throwing fuel on the fire of industrial capitalism.
Hoarding it among executives or money traders is a fickle and temporary accelerant which is much slower than the alternative over sustained periods.
Are you trying to tell me that millions of people making informed decisions on what they need is more effective than a few dozen lobbiest, CEO's and bureaucrats? That's crazy! /S