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Thanks for the post! Why be entrepreneurial if you can just put your money in the SP500 and watch it go to the moon thanks to unlimited QE? The current paradigm
by pennyintheslot 6y ago
Thanks for the post! Why be entrepreneurial if you can just put your money in the SP500 and watch it go to the moon thanks to unlimited QE? The current paradigm is being kept alive by the Gov with all tools it has at its disposal (QE, bailouts), while the right move would be to let it go bust and push the restart button. Making space for a new generation of entrepreneurs to pick up the pieces.
- benjaminwootton 6y agoMaybe like many things the OPs post is an indirect consequence of 2008 bailouts and QE. Zombies were propped up so the only thing entrepreneurs could go after was CRUD apps and adtech. If banks, airlines, manufacturing were forced to face that reset then entrepreneurs and startups could have a go at genuinely reinventing those industries.
- kimsant 6y agoYou are right, congrats. Just found the comment by searching the word zombie, is a cool thing to do.