Everyone is tired because they are overworked: engineers, doctors, lawyers, accountants, bankers, police, cooks, janitors. Long shifts, split shifts, long commutes, homework, constant interruptions, questionable management practices, weak labor laws, weak enforcement thereof, asymmetric legal costs, self-training on your own time, expectations of faster and faster turnaround times, less and less support staff...
VCs Are Just Tired
11–20 of 91 posts
Re: VCs Are Just Tired
#12It's almost as if capital is too concentrated, to the point that the people with who control it don't know what to do with it. Oh wait. The basis of capitalism is markets, and the wisdom of the crowd (the "invisible hand") controlling them and making them efficient. VC's (and wealth concentration in general) are the opposite of that. They are the very-much-visible hand. We'd solve this problem with progressive taxati…
Wouldn't the obvious capitalism solution to that be - loans become very cheap because people dont know what else to do with their money. Lots of people now have access to (other people's) capital. Wealth is no longer as concentrated, wisdom of crowds prevail?
Re: VCs Are Just Tired
#13It's almost as if capital is too concentrated, to the point that the people with who control it don't know what to do with it. Oh wait. The basis of capitalism is markets, and the wisdom of the crowd (the "invisible hand") controlling them and making them efficient. VC's (and wealth concentration in general) are the opposite of that. They are the very-much-visible hand. We'd solve this problem with progressive taxati…
Well, yeah, free market and capitalism are conflicting ideologies. It's the same with free software, you can't have both user freedom and freedom for corporations to take away user freedom. Second will always just subvert the first one.
Re: VCs Are Just Tired
#14It's almost as if capital is too concentrated, to the point that the people with who control it don't know what to do with it. Oh wait. The basis of capitalism is markets, and the wisdom of the crowd (the "invisible hand") controlling them and making them efficient. VC's (and wealth concentration in general) are the opposite of that. They are the very-much-visible hand. We'd solve this problem with progressive taxati…
> IMO, if you believe in free markets, then your position is inconsistent if you also believe if you also believe in unconstrained wealth collection.
But if you believe in free markets, then your position is also inconsistent if you don't believe in unconstrained wealth collection. Because that's one of the things that the market sometimes does when it's free.
And I'm sure that someone will say "That means that the idea of a free market is self-inconsistent, and therefore we should abandon the idea." I think it is more likely that the logic in the parent's last paragraph is incorrect. Instead, one has laws to prevent wealth from distorting the market. (Tax the wealth to extinction is not the only possible form that such laws could take.)
Re: VCs Are Just Tired
#15Sure feel sorry for these VCs... hope they get some rest on their piles of money.
Re: VCs Are Just Tired
#16It's almost as if capital is too concentrated, to the point that the people with who control it don't know what to do with it. Oh wait. The basis of capitalism is markets, and the wisdom of the crowd (the "invisible hand") controlling them and making them efficient. VC's (and wealth concentration in general) are the opposite of that. They are the very-much-visible hand. We'd solve this problem with progressive taxati…
> IMO, if you believe in free markets, then your position is inconsistent if you also believe if you also believe in unconstrained wealth collection. But if you believe in free markets, then your position is also inconsistent if you don't believe in unconstrained wealth collection. Because that's one of the things that the market sometimes does when it's free. And I'm sure that someone will say "That means that the i…
How is it inconsistent? You simply have to constrain wealth collection to ensure free markets.
Re: VCs Are Just Tired
#17It's almost as if capital is too concentrated, to the point that the people with who control it don't know what to do with it. Oh wait. The basis of capitalism is markets, and the wisdom of the crowd (the "invisible hand") controlling them and making them efficient. VC's (and wealth concentration in general) are the opposite of that. They are the very-much-visible hand. We'd solve this problem with progressive taxati…
Wouldn't the obvious capitalism solution to that be - loans become very cheap because people dont know what else to do with their money. Lots of people now have access to (other people's) capital. Wealth is no longer as concentrated, wisdom of crowds prevail?
Or you could pay works more so that, in their role as consumers, they can buy more.
Re: VCs Are Just Tired
#18Everyone is tired because they are overworked: engineers, doctors, lawyers, accountants, bankers, police, cooks, janitors. Long shifts, split shifts, long commutes, homework, constant interruptions, questionable management practices, weak labor laws, weak enforcement thereof, asymmetric legal costs, self-training on your own time, expectations of faster and faster turnaround times, less and less support staff...
How did you conclude that “everyone” is overworked from this article?
The managerial class notion of overwork/busyness is completely voluntary.
Re: VCs Are Just Tired
#19It's almost as if capital is too concentrated, to the point that the people with who control it don't know what to do with it. Oh wait. The basis of capitalism is markets, and the wisdom of the crowd (the "invisible hand") controlling them and making them efficient. VC's (and wealth concentration in general) are the opposite of that. They are the very-much-visible hand. We'd solve this problem with progressive taxati…
Wouldn't the obvious capitalism solution to that be - loans become very cheap because people dont know what else to do with their money. Lots of people now have access to (other people's) capital. Wealth is no longer as concentrated, wisdom of crowds prevail?
We've been trying that for a good chunk of the last decade. That's why interest rates have gone to near zero, and in some places negative. It's not working so well.
Re: VCs Are Just Tired
#20I have a really hard empathizing here, VCs in many ways represent the robber barons of the 21st century. In WeWork, the world saw a blatant attempt by VCs to dump a severely overvalued and overhyped company into the public markets so they could cash out. In Facebook, we saw VCs fund one of the world’s largest and most successful surveillance capitalist enterprises, one that still seems to be going strong, despite the…
Please don't post in the flamewar style to Hacker News—not even about VCs. We're looking for curious conversation here. https://news.ycombinator.com/newsguidelines.html
Assume for a moment the guy is right by whatever circumstances. There are three supporting pieces of evidence and perhaps the last sentence is "charged" but I don't see how it is offensive even if wholly incorrect. How would he present the very ideas as "curious conversation"?