Quote:
Originally Posted by LouisVanDerWright
What are you talking about being "woke"? Wework is a pyramid scheme, Airbnb is not, Amazon is not, Facebook is not. Not all VC funded tech companies are a scam defrauding a whole generation or whatever you called it.
|
True - although the sustainably profitable ones mostly thrive on some mix of rent-seeking and regulatory capture. The wasting of a generation's talent that I mentioned is a reference to the many brilliant and highly educated folks from my cohort who have taken $200-300k+ jobs at these companies in SF, NY, Seattle, etc. to produce nothing of value other than 1) shareholder profit driven by the aforementioned rent-seeking and regulatory capture 2) game-theory driven hoovering of talent to keep it away from competitors.
Apple, Amazon, and Microsoft may be the least evil of the bunch, if only by a little bit, since they actually produce some value-added goods and services.
Very large companies producing 30%+ profit margins year over year when the economy is growing in the 1-4% range are succeeding by some form of protected anti-competitive behavior and/or labor exploitation. Amazon's low profit margin is a partial sign of it's relative non-evilness, but even reaching its current state depended on quite a bit of regulatory capture and predatory anti-competitive loss-making, which is a common binding theme with the anti-profitable shitshows like WeWork and Uber.
Quote:
I find that most political "opinions" of our generation are not genuine, but rather driven by crushing white guilt and/or obsessive virtue signaling. It's not about actually saving the environment or helping the poor, it's about quick bullshit you can slap up on social media to make it look like you give a shit. The plastic straws thing is a perfect example of this. My brother in law lost it on me when I said I recycle them anyhow and he's like "they clog the recycling machines man" and then like 8 hours later he's asking me whether I can help him replace the front door to his house with a $800 new one with a bigger window...
I'm like dude, you realize the amount of foam insulation in the perfectly serviceable 10 year old door you want to replace for no good reason is like the equivalent of 100,000 straws right?
|
100% agreement on all of this
Actions reveal a much different picture than words.
Threaded Mode