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There's a huge number of options that aren't "be a disaster capitalist" or "work at a FAANG". HN et al are keen to "find a pain point" and iterate solutions. T
by austinjp 4y ago
There's a huge number of options that aren't "be a disaster capitalist" or "work at a FAANG".
HN et al are keen to "find a pain point" and iterate solutions. The pain point that millions of people are suffering with at the moment (specifically relating to OP's post) is the global economic down-turn. Plenty of opportunity to start a business that might actually help others. Personal budget management, debt consolidation, energy efficiency advice, etc etc etc.... How about trying to make the world a better place while turning a profit? How about "disaster philanthropy"?
OP mentioned ETFs, a pooled investment that typically tracks an index, and specifically "short" ETFs. Shorting is basically gambling that a benchmark will fall in value, i.e. profiting from loss. There's plenty written by economists/politicos about whether this is ethical, whether it actually constitutes "disaster capitalism", and so on. Personally, I find it a shame that a global economic down-turn which will damage millions of lives prompts someone to think how they can use their existing money to make more money for themselves.
I'm not advocating that OP should be negligent about their personal finances. I'm not suggesting that "insulating" themselves (as they quite understandably see it) is a bad plan. I would suggest that these things might be achieved by other means.
My post was simply to say there are choices to be made.