alt Hacker NewsAn investment that needs to return 7x, alone, on hundreds of billions to trillions of investments... While not destroying the entire economy, or replacing it?
An investment that needs to return 7x, alone, on hundreds of billions to trillions of investments... While not destroying the entire economy, or replacing it?
If you can capture a significant fraction of the gains made by automating lots of white-collar work, then those billions/trillions look more reasonable.
"Correct" investment volume towards early industrialization might have looked just as unreasonable without the benefit of hindsight.