21–30 of 89 posts
"...Google execs all work for their shareholders, in a psychotic "market system" in which the myth of "fiduciary duty" is said to require companies to hurt us right up to the point where the harms they inflict on the world cost them more than the additional profits those harms deliver" Nailed it.
You’d still be having fascism here even if the internet didn’t exist. The most reliable way to prevent the rise of the far right is to implement robust safety nets and low inequality, to reduce status anxiety and grievance. Support for such measures (welfare, healthcare, unionization, high taxes etc) is usually low among Americans. Eventually rents/healthcare/tuitions outpace income, so people become desperate and st…
It became clear to me quickly that the data these people wanted to collect on anyone and everyone could be used against me should they want to - not that I was doing anything questionable, but it was just creepy as F**.
The final straw for me was when they got some kind of contract with a major hotel chain and were all-too-giddy to listen in on the smart TVs in every room. I did not want to help them further any of their agendas, so I bailed on that place. Fortunately this was many years ago when dev jobs were easy to come by, I had 3 offers in a week.
"...Google execs all work for their shareholders, in a psychotic "market system" in which the myth of "fiduciary duty" is said to require companies to hurt us right up to the point where the harms they inflict on the world cost them more than the additional profits those harms deliver" Nailed it.
Not really. The idea that "fiduciary duty" requires companies to maximize shareholder value is a pernicious Internet myth.
[1]: https://lobste.rs/
"...Google execs all work for their shareholders, in a psychotic "market system" in which the myth of "fiduciary duty" is said to require companies to hurt us right up to the point where the harms they inflict on the world cost them more than the additional profits those harms deliver" Nailed it.
Not really. The idea that "fiduciary duty" requires companies to maximize shareholder value is a pernicious Internet myth.
But note that the quote does call it out as a myth.
HN has ads (job ads for YC companies). When I see people post these deranged takes about ads on HN, I always ask myself: Do they not notice this--a common criticism of ads is that they blend too much into the real content, and this is nowhere more true then on HN--or do words just not mean anything to them, do they just mindlessly repeat memes rather then thinking about what these ideas mean for their own life? Is a…
Yes, Thiel openly says surveillance tech is the anti-Christ. Then, he goes on to build the tech.
The frustrating thing is seeing it happen in real-time and knowing you can't inform or educate enough people.
"...Google execs all work for their shareholders, in a psychotic "market system" in which the myth of "fiduciary duty" is said to require companies to hurt us right up to the point where the harms they inflict on the world cost them more than the additional profits those harms deliver" Nailed it.
Not really. The idea that "fiduciary duty" requires companies to maximize shareholder value is a pernicious Internet myth.