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That's what you get when you have over a decade of near zero interest rates and easy money. A lot of hyped products and companies that mysteriously don't make
by starkd 4y ago
That's what you get when you have over a decade of near zero interest rates and easy money. A lot of hyped products and companies that mysteriously don't make any money. We're paying the price now.
- kube-system 4y agoThere was also a lot of cool and important shit that was made due to the same conditions. I hope things turn around asap. Cheap money is good for fake progress as much as it is for real progress.
- mindslight 4y agoOr we could just produce less crap to be wasted, and have healthier work-life balances to boot. It takes an especially foolish kind of monetary environment to manufacture perfectly good e-scooters just to dump them into rivers and onto sidewalks, hoping that enough people tripping over them will create a recurring revenue stream from the coins falling out of their pocket. Plus that whole disenfranchisement of individuals further into renters rather than distributed capital owners.