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What you're saying is partly true, but what do you think YC should do?
by fiatjaf 9y ago
What you're saying is partly true, but what do you think YC should do?
- loorinm 9y agoTo solve inequality?? I don’t think that’s the business YC is in. But we can do a lot. We can drastically reduce the potential financial rewards for extracting value from millions of people. We can set a max income of $300k per person and the rest goes to elevating the poor. It would pretty much destroy the VC industry though.
- fiatjaf 9y agoI don't understand why are you complaining they aren't solving inequality, then.
- HeyLaughingBoy 9y agoLet's rephrase that: it would destroy capitalism. Somehow I don't think you'd have a problem with that.
- loorinm 9y agoI don't know if maybe you think capitalism is the only reason people don't just lie in bed all day, but theory has been soundly disproven.
- ewjordan 9y agoThe theory that non-capitalist societies can have thriving long-lasting economies that produce new innovations and lift their people up is pretty questionable so far. I can't think of a single example where there's not at least a core nugget of capitalist incentives driving things. Sure, let's layer on some socialist policies, I'm all in favor of turning that dial quite a bit further, but that's turning a dial, not blowing up the whole machine because it's not working quite as well as we'd like it to.