this post was submitted on 07 Sep 2023
37 points (100.0% liked)

onguardforthee

10 readers
1 users here now

A Canada-specific general discussion community that allows all types of content!

Founded in opposition to bigotry and hate.

Please familiarize yourself with the rules below before posting:

Rules

1. Be Civil

  • No posts that contain racism, sexism, homophobia, transphobia, harassment, violent rhetoric, xenophobia, religious intolerance, or ad hominem replies. Be nice.

  • Do not ping users with /u/ mentions in your comments.

  • If criticizing a certain geographical region, please make sure to include a legitimate source for this criticism. Stereotyping provinces is not allowed.

  • Do not accuse others of bias, racism, etc, without proof: screenshots, archive links, blog posts, or other material.

2. Canadian Content

  • Only posts that pertain to Canada and Canadian topics are allowed. International content is acceptable if it is relevant to Canada.

  • Low effort posts and image posts may be removed without explanation and at our discretion. Link to directly to sources or articles.

3. Editorialized Headlines & Titles

  • Posting submissions must include the original title. This is necessary for consistency and clarity. Do not editorialize or make unnecessary edits to the headline or title. Extra commentary belongs in the comments section.

  • When crossposting an article, if the title is not the article headline, please resubmit it with the proper article headline.

  • Contemporary articles will get priority, Older articles may be removed.

**4. Submission General Guidelines

  • Do not post an excessive amount of new submissions within a short period of time.

  • No posts about surveys, fundraising, petitions or missing persons.

  • Submitted self posts will be removed at mod discretion, especially if they are they are low-effort, repetitive, duplicate topics, are more appropriate as a comment or google search or belong in r/AskACanadian.

  • When posting content from social media, provide a direct link to the post instead of a screenshot. No Facebook links.

5. Duplicate/Similar Submissions

  • Duplicate/similar articles will be removed.

  • Exceptions: An article about a topic may be posted even if a tweet has already been posted; if the article is a different media; if the first article was paywalled; and, if the article is an opinion piece or adds some more detail to the subject.

6. Memes & Jokes

  • In order to not clutter the front page with memes and low effort jokes, please only post this type of content on the weekend (Friday-Sunday). Memes, jokes, and off-topic discussions are welcome, but we will remove posts if the amount on the front page becomes excessive. Low-effort memes or those done in poor taste are not welcome.

  • Exceptions to the rule include in depth satire or comedy written or video pieces. Professional political cartoons may also be posted during the week.

7. No Shitposting

  • Off-topic comments which detract from the conversation may be removed.

  • Trolling, hostility, and participating in bad faith will not be tolerated.and will result in a ban. Repeated attempts at turning conversations into a hostile direction will be met with a ban.

8. Meta Posts

  • If you'd like to discuss comments in other communities, link to an archive of the comment thread rather than the full post. If there are multiple comments involved, you can make a self-post with a list of the links in question.

  • Do not vote or comment in other communities if you were linked from here. Do not submit links to submissions or comment threads you have made or are involved in. Brigading or vote manipulation will result in a ban.

9. NSFW Posts

  • If you are submitting content which contains NSFW material, please tag it as such.

­ ­ ­

founded 1 year ago
MODERATORS
 

You tell us, Pierre..

you are viewing a single comment's thread
view the rest of the comments
[–] Rocket@lemmy.ca 4 points 1 year ago* (last edited 1 year ago) (2 children)

Because, quite simply, where else is the money going to go? Housing is the place of last resort.

Historically, we invested in innovation. The long list of inventions Canada once brought to the world was a sense of pride for Canadians. Today, what are you working on that is going to change the world? Seriously – let it be known because money is struggling to find you.

[–] ILikeBoobies@lemmy.ca 3 points 1 year ago (1 children)

Capitalism supports making the most money, not progress

Someone who invents a way to make money off pacific garbage patch tours will do a lot better than the person who figures out how to get rid of it

[–] Rocket@lemmy.ca 1 points 1 year ago* (last edited 1 year ago) (1 children)

Someone who invents a way to make money off pacific garbage patch tours

Exactly. If someone did that, investors would take notice and want to get in on the spoils, taking money out out of the housing market in the process.

But it’s telling that not one person was able to come up with something they are working on.

[–] ILikeBoobies@lemmy.ca 1 points 1 year ago* (last edited 1 year ago) (1 children)

I can’t comment on my own investment pitches because that would be biased. Obviously everyone thinks that their idea is good, however I will say that I was told to come back after having a commercial success and I’ve never heard of an angel investing in a pitch that guarantees to lose them money for the benefit of others

[–] Rocket@lemmy.ca 1 points 1 year ago

Nobody is talking about investment pitches. It was asked what people are working on.

Clearly the answer is nothing.

[–] LostWon@lemmy.ca 2 points 1 year ago* (last edited 1 year ago)

That's the thing. Money isn't "striving" to find inventors with revolutionary, world-changing ideas-- if that was the case, then the market would reflect it. Support for innovation requires vision and patience on the part of those holding the cash, but in every industry, the big holders of capital are always striving to find sure bets. It's not just wealthy individuals, but large investment firms that buy up property, largely for that reason. There is no shortage of amazing ideas out there, few of which will ever get anywhere as things are now.