The very fact that a company grows in value from $X to $X * 1000 is proof that it’s productive use of capital.
You can say that, but then I can say why do we care about whether something is a productive use of capital? What I care about is life being good for human beings, not "productive use of capital".
alt Hacker News
You can say that, but then I can say why do we care about whether something is a productive use of capital? What I care about is life being good for human beings, not "productive use of capital".