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The rich aren't your role models
11–20 of 65 posts
Re: The rich aren't your role models
#12I wonder if unchecked capital accumulation combined with cutting the social safety net and major public works will lead to commerce without customers: An economy built on consumption where nobody has the money to consume.
It’s all moving to a service economy for the wealthy as the only consumers.
You can see this most dramatically in Las Vegas right now: https://m.youtube.com/watch?v=LHwU4lQ46nA
Re: The rich aren't your role models
#13Neither are the politicians, or the influencers, or Hollywood, they all have an end-game, a message or something to sell, none of these people are better than you, yet people pick someone and agrees with everything they say.
The world has lost the ability to critically think.
Re: The rich aren't your role models
#14I wonder if unchecked capital accumulation combined with cutting the social safety net and major public works will lead to commerce without customers: An economy built on consumption where nobody has the money to consume.
No commerce going on when the trillion cells inside your body interact. Yet more energy is consumed by the brain.
Re: The rich aren't your role models
#15I wonder if unchecked capital accumulation combined with cutting the social safety net and major public works will lead to commerce without customers: An economy built on consumption where nobody has the money to consume.
This is what people have been speculating will happen with the rise of the K-shaped economy. An economy where a smaller and smaller number of consumers are responsible for more and more of consumption.
I think the problem is a sort of self-correcting one though because when the cuts start to bleed deep enough that people can no longer afford food or basic amenities that's when people start to get violent. Unfortunately that also tends to be very bad for economic outcomes.
Re: The rich aren't your role models
#16Mostly off-topic, but I've wondered, is there a measure of wealth that involves first liquidating everything? And what is that for Musk? I don't find it meaningful to say someone has a net worth of $X if they can't actually liquidate their assets and pay off their liabilities to produce $X.
Re: The rich aren't your role models
#17[deleted]
Re: The rich aren't your role models
#18[flagged]
I upvoted it and I don’t usually vote up stories but this is exactly what we need to see. As reference my article that said more or less the same as this article, was #1 on the front page for almost a whole day in 2024: https://news.ycombinator.com/item?id=39569747 I’m excited to see the sea change in political sentiment and how people are talking, so I’m 100% here for it.
This is a technical site (or was at one point in time), I for one would be happy with zero of this shit.
Re: The rich aren't your role models
#19[flagged]
If you think it's a "partisan, hate-filled/inducing rant" maybe you should rtfa, because it's not.
Re: The rich aren't your role models
#20[flagged]
I upvoted it and I don’t usually vote up stories but this is exactly what we need to see. As reference my article that said more or less the same as this article, was #1 on the front page for almost a whole day in 2024: https://news.ycombinator.com/item?id=39569747 I’m excited to see the sea change in political sentiment and how people are talking, so I’m 100% here for it.
Have to say, the headline alone had me reaching for the pointy hat. Wonder if it was the statistical anomalie or the content that got the parent comment to post?