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A modern economy as best as I can grok it: Money used to buy stuff: $100 Money used to buy money: $200 Money used to bet on money used to buy money: $400 Money used to buy money to bet on money used to bet on money used to buy money: $1300 Total: $2000 % used to buy stuff: 5%
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The 5% that’s about stuff is interesting whether or not you personally have money. You have skin in that game by virtue of simply being alive and made of atoms as a meatbag with sensors that can experience the world. The 95% is only interesting if you buy in.
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Replying to and
Or you could say that a lot of business is supporting BS discretionary needs (more shit you don't need - "Bullshit Goods" maybe?) and then someone has to market it, ship it, make companies/tools to help marketing / ship it, etc. - so maybe that's the bigger part of the 95%.
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