Episode #206 ... Capitalism is dead. This is Technofeudalism. (Yanis Varoufakis)
Philosophize This!
Investing in the Future: Tech Industry vs. Traditional Companies
During an economic downturn, traditional companies opted to buy back stocks and bonds instead of investing in new products due to low consumer spending. In contrast, the tech industry used central bank money to invest heavily in physical assets like server farms, fiber optics, and digital infrastructure, leading to their substantial growth and development.
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