Investors don't want 5x revenue valuations, they want 30x growth.
Make 'real infrastructure' and 'housing' companies attractive products for investors to buy and they'll buy. (No idea how to do that, don't ask me! :))
Make 'real infrastructure' and 'housing' companies attractive products for investors to buy and they'll buy. (No idea how to do that, don't ask me! :))
We need to kill the idea that a) this is what investors should be looking for, and b) it's even possible aside from a 1 in 1,000,000,000 fluke.
All of these economic instruments are supposed to be there to serve the needs of real human people, not just to make the wealthy even wealthier. We need to break this cycle of ever-escalating capital chasing capital, and get investment in things that will actually make people's lives better.
(If you have real things that are actually producing 30x growth then that's fine, obvs.)
Why did we decide that return on capital investment is the metric to optimize for, at the expense of everything else?
In practice, capitalism itself doesn't really promote competition, but rather competition is an externally-enforced situation required to keep capitalism from going off the rails. IMHO, capitalism naturally evolves towards monopoly (otherwise antitrust laws would be unnecessary).
There is no need for hedging language, it is entirely weaponized greed.
> but in a way that tries to promote competition and thus create actual value.
No, its in a way which tries to remove constraints from the power of the capitalist class, and full enable their dominion over society -- that's what drove it and how it evolved from prior systems.
The assumed existence of competition (along with other assumptions) making it optimal was a much later, after the fact attempt at rationalizing it in response to criticism, and actual attempts to promote competition were later yet reforms limiting capitalism, not part of its essence.