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>assetocracy That's an interesting neologism, but the existing term for "rule by whoever controls the most expensive assets" is "capitalism"
by zyx321 10mo ago
>assetocracy
That's an interesting neologism, but the existing term for "rule by whoever controls the most expensive assets" is "capitalism"
- JohnBooty 10mo agoYou can spend $100B on a assets but it doesn't mean you'll turn a profit. Capitalism certainly favors those with the most... capital, but there are quite a few other factors. Market fit, efficiency, etc. The Dutch East India Company had the most assets, yes, but also the best ships and a killer (literally) business model. The notion of a sector where success is determined almost entirely by who can stockpile the most assets (GPUs in this case) is a somewhat unique situation and probably merits its own term