So capitalism is supposed to be about taking risks and (potentially) getting rewarded (so we are told, although in reality it seems to be about establishing a monopoly or extracting corporate welfare from the government).
So here's a company (or two if you count spacex) that is taking huge financial and organisational risks and running at the edge of their capacity to expand all the time and all the industry observers just shit their pants in fear about it and try to shoot it all down.
> So capitalism is supposed to be about taking risks and getting rewarded (so we are told, although in reality it seems to be about establishing a monopoly or extracting corporate welfare from the government).
I like how "taking risk" is talked about as if it meant "statically you will gain out of it". That is not what risking means. Risking means that you can either loose or win and that plenty of people really loose. Risk does not entitle you to reward.
The emphasis is always on "getting reward" each time "taking risk" is said where "getting punishment" is never said. That is not what capitalism is supposed to be about. That is just a glib used by people invested into treating risk taking as some kind of virtue (will, virtue if you get rewarded, if you the bad part of risk happen you are lazy looser who deserves no sympathy).
The capitalism is supposed to be about rational decisions in competition and environment of reasonable transparency. Which may mean taking risk or not taking risk depending on how likely the reward part is to happen and how much punishment there would be.
> So capitalism is supposed to be about taking risks and (potentially) getting rewarded
No, capitalism is about owning capital and getting rewarded. That's why it was called “capitalism”, and not “riskism”. That's why, while all actors in the system take risks, the lions share of the rewards go the holders of capital.
But, anyhow...
> So here's a company (or two if you count spacex) that is taking huge financial and organisational risks and running at the edge of their capacity to expand all the time and all the industry observers just shit their pants in fear about it and try to shoot it all down.
SpaceX coverage is fairly positive, so let's not count them in this criticism. The financial press is frequently negative on Tesla because they repeatedly keep failing to meet what Tesla management announces they are going to do (with production targets for the Model 3, they've repeatedly failed to meet them, adjusted then downward, and failed to meet the adjusted targets.) Even to the extent that it's defenders characterize capitalism as being about rewarding risk taking, they don't say it's about rewarding blind risk taking.
So here's a company (or two if you count spacex) that is taking huge financial and organisational risks and running at the edge of their capacity to expand all the time and all the industry observers just shit their pants in fear about it and try to shoot it all down.