Where is the money that was going to VC investments going now? With increasing inequality, I figure rich people have more money than ever that they need to figure out where to invest.
>Yeah, screw DEI!
lmao I'm talking about wars; sprawl; advertising and consumerism; wasteful or gatekept luxuries; feet-dragging on any number of technologies and policies that could have mitigated the damage, just to please incumbents.
We temporarily made life spectacularly better for like 5-10% of the population, and doomed everyone to either generations of toil, or a hard reset in the form of a "burn it all down" revolution.
When interest rates go up, money floods out of higher risk higher return areas like company formation, and floods back into buying bonds, so investors can collect the low-risk interest that didn't exist before.
Just to drive the point home, in 2019 the total VC market was ~$300 billion. To date, roughly $235 billion is tied up in just OpenAI ($168b) and Anthropic ($67b)