Related/recently: https://news.ycombinator.com/item?id=49102879 https://news.ycombinator.com/item?id=49116990 https://news.ycombinator.com/item?id=49088259 https://news.ycombinator.com/item?id=49121220 https://news.ycombinator.com/item?id=49122406 Pretty strange to see a bunch of articles all at once proclaiming doom for Larry... I mean, everyone has their bad days, but I still have a hard time believing that oracle…
I hope they turn out to be right. What the article describes is a ponzi scheme and Larry is deeply involved in it. Even if it was AI written is more to the point than the NYT article that goes on and on rambling about his private island and 23 year old Chinese wife. Why does it matter?
Late stage capitalism --- equity markets degenerate into thinly disguised ponzi schemes. Just like in a ponzi scheme, contractual obligations (aka debt) are now moving in a circular pattern among a handful of large AI players. And markets are accepting and treating this as "growth" --- all while the underlying business model is actually setting cash on fire. And just like any ponzi scheme, this can't continue indefin…
Is there anything more disingenuous that advocating for the involuntary destruction of all equity wealth by decrying occasional losses by consenting adults?
Late stage capitalism --- equity markets degenerate into thinly disguised ponzi schemes. Just like in a ponzi scheme, contractual obligations (aka debt) are now moving in a circular pattern among a handful of large AI players. And markets are accepting and treating this as "growth" --- all while the underlying business model is actually setting cash on fire. And just like any ponzi scheme, this can't continue indefin…
Is there anything more disingenuous that advocating for the involuntary destruction of all equity wealth by decrying occasional losses by consenting adults? I'm sure this kills on Reddit, though.
Is there anything more disingenuous than advocating for Enron and Madoff style accounting and reporting gimmickry as being acceptable equity activity between "consenting adults"?