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I don't agree with this logic. Startups need to pivot. This creates opportunity. If we all go into recession groupthink, that's what will happen. Big companies
by wegs 7y ago
I don't agree with this logic. Startups need to pivot. This creates opportunity. If we all go into recession groupthink, that's what will happen.
Big companies aren't serving the current needs and market well. Startups can go in, and serve new markets better. There are a million open beachhead markets right now.
We need to re-ramp our economy as in WWII, not shut it down.
- frankish 7y agoI strongly agree. I can't stop thinking about the potential to completely revamp our society. The business opportunities and needs are there. Whether it's automating the service worker industries, fully shifting to work from home, new ways of virtual communication, etc. Much of the infrastructure (primarily internet) is there to support it. This would require an elimination of low paid jobs, which are the typical jobs preventing social distancing. Assuming we can follow a "nobody left behind" mentality (UBI?), imagine the progress we'd make if we raised the bar of entry-level jobs. Investments in creative and new education programs would follow. Of course, I'm overly optimistic about this, but the potential is there because the whole country (USA) is on the same page right now. Congress is drafting up a stimulus package, which is essentially UBI. It's a very interesting experiment and I really hope we make the most of it and evolve our society and culture.