Are there any books on the idea that increasing wealth inequality has lead to a difference in the way companies operate/advertise/over-promise nowadays?It seems like every new company no matter how small or big, startup or not, HAS to promise the world with every little product they release, all in the hopes that they will get investor attention. It feels like companies don’t get attention by making good products and entering the market, but by making shit up and getting some random hedge fund or billionaire to become an angel investor. AI stuff recently is a great example, all investor hype and none of these companies have any meaningful non investment revenue let alone profit.
das kapital
>>24841278The hype cycles are confusing all investors. Half the stocks are shitcoins. Nobody can justify what Tesla is worth, it’s worth money because line went up. If it goes down the entire market dies. Same with nVidia. Remove the meme balloon and the stock market isn’t growing at all. I don’t know any book that covers this well, or even any commentator that makes sense of it. It’ll be “logical” 100 years later when someone looks back and explains this was just the end of the speculation era completely taking the world with it when bitcoin wiped, an imaginary coin that could buy nothing and had no purpose made up 50% of the economy. For general capitalism is fucked books Pikettys books on capital are good. The surveillance economy goes more into making consumers into products.
>>24841278that is just a byproduct of economic expansion, when it matures there will be a bloodbath but the investments will remainmarxists will cry the sky is falling as usual
>>24841278Interest rates have been coming down, so investors are leveraging up and buying everything. There's more than enough "dumb money" around to float the most retarded ideas. Don't worry, it won't last.
>>24841278You can learn everything about money from Debt: The first 5000 years
>>24841278haha OP I love froggo XD
