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I'm not an economist, but the SV economy (which has become a nontrivial chunk of the US economy) just doesn't seem like it can keep doing this forever. The driv
by _bxg1 8y ago
I'm not an economist, but the SV economy (which has become a nontrivial chunk of the US economy) just doesn't seem like it can keep doing this forever. The driving ethos is to throw everything related to building a sustainable business out the window, in the interest of cashing-out as fast as possible. Slash-and-burn capitalism. That's not how you create jobs. That's not how you grow an economy. That's how a few people get very rich very quickly. "Move fast and break things", as it were.
- anonuser123456 8y agoThose few people only get rich by providing useful services at scale, and those useful services definitely cause the economy to grow.