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It is amazing how many people spend most of their mental energy figuring out some way to defend the all powerful corporations. If as much mental energy were sp

It is amazing how many people spend most of their mental energy figuring out some way to defend the all powerful corporations. If as much mental energy were spent figuring out how to make the world better instead, then probably youtube could still make billions of dollars and figure out how to not delay CPR videos at the same time.

BiteCode_dev 4y ago
No, we don't defend corporation, we hope people don't spread their energy on a 1000 useless outrages. Attack the corporations, but focus your efforts. Attacks are currently used to get many emotional responses and make people will engaged, but they don't make any body act or learn. This is a waste. Choose one topic, like "Apple use slave labors" or "Google spy on everyone", and keep at it for a few years. The rest is just distraction and energy diffusion.
deltree7 4y ago
It's amazing how many people are clueless about Math/Economics and the importance of profit generation that feed into next generation of innovation/employment.
- jamiek88 4y ago
  Google profit 2022 $233 BILLION
  - SllX 4y ago
    Revenue != Profit. The figure you want is Net Income on page 30 of this publicly accessible document from the SEC’s website: https://www.sec.gov/Archives/edgar/data/1652044/000165204423000016/goog-20221231.htm https://www.sec.gov/Archives/edgar/data/1652044/000165204423... $59,972M (~$60B). Still a nice sum of money, but it doesn’t need exaggeration nor misrepresentation.
    - deltree7 4y ago
      Google's Market Cap was around $1.4T last year. A $1.4T should generate at least 2*(10 Year Treasury Yield) or 8% or $110 Billion in profit. Else, shareholders can simply buy 10-Year-T to earn risk-free profit. So Google isn't generating enough profits at the current economic conditions.
  - deltree7 4y ago
    Exhibit A: How massively clueless even HNers when it comes to Math/Finance/Economics. These are people who vote progressives and anti-corporate agenda
SllX 4y ago
You’re the one putting them on a pedestal and calling them all-powerful. How much mental energy do people expend maintaining a hostile disposition to a legal fiction? That kind of disposition is as bad for society as the kind that praises corporations and says they can do no wrong, and between the two types, you get a lot of truly terrible ideas that need countering on a recurring and frequent basis. In a competitive information environment, the side which refuses to defend what they deem to be “obvious” will erode over time. Case in point: YouTube doesn’t even make the list for places I would recommend to learn CPR; it’s a for-profit entertainment website before it’s anything else–which is fine for what they want to be. The Red Cross is always at the top of the list though because they’re in the business of saving lives, which is what they want to be. So if you go to the American Red Cross website, there’s this: https://www.redcross.org/get-help/how-to-prepare-for-emergencies/hands-only-cpr.html https://www.redcross.org/get-help/how-to-prepare-for-emergen... Third link on the homepage scrolling on my phone. That gives you some simple instructions on CPR, a video which isn’t playing for me because I can’t bring up the playback controls on my phone (they should fix that, it’s crap like this that makes people turn to YouTube in the first place), a zip code search field to find where you can get in-person training, and apparently there’s also an app which I went ahead and installed to my phone which provides you additional instructions and education on how to deal with various kinds of emergencies you might encounter.

BiteCode_dev 4y ago

No, we don't defend corporation, we hope people don't spread their energy on a 1000 useless outrages. Attack the corporations, but focus your efforts. Attacks are currently used to get many emotional responses and make people will engaged, but they don't make any body act or learn. This is a waste. Choose one topic, like "Apple use slave labors" or "Google spy on everyone", and keep at it for a few years. The rest is just distraction and energy diffusion.

deltree7 4y ago

It's amazing how many people are clueless about Math/Economics and the importance of profit generation that feed into next generation of innovation/employment.

jamiek88 4y ago
Google profit 2022 $233 BILLION
- SllX 4y ago
  Revenue != Profit. The figure you want is Net Income on page 30 of this publicly accessible document from the SEC’s website: https://www.sec.gov/Archives/edgar/data/1652044/000165204423000016/goog-20221231.htm https://www.sec.gov/Archives/edgar/data/1652044/000165204423... $59,972M (~$60B). Still a nice sum of money, but it doesn’t need exaggeration nor misrepresentation.
  - deltree7 4y ago
    Google's Market Cap was around $1.4T last year. A $1.4T should generate at least 2*(10 Year Treasury Yield) or 8% or $110 Billion in profit. Else, shareholders can simply buy 10-Year-T to earn risk-free profit. So Google isn't generating enough profits at the current economic conditions.
- deltree7 4y ago
  Exhibit A: How massively clueless even HNers when it comes to Math/Finance/Economics. These are people who vote progressives and anti-corporate agenda

SllX 4y ago

You’re the one putting them on a pedestal and calling them all-powerful. How much mental energy do people expend maintaining a hostile disposition to a legal fiction? That kind of disposition is as bad for society as the kind that praises corporations and says they can do no wrong, and between the two types, you get a lot of truly terrible ideas that need countering on a recurring and frequent basis. In a competitive information environment, the side which refuses to defend what they deem to be “obvious” will erode over time. Case in point: YouTube doesn’t even make the list for places I would recommend to learn CPR; it’s a for-profit entertainment website before it’s anything else–which is fine for what they want to be. The Red Cross is always at the top of the list though because they’re in the business of saving lives, which is what they want to be. So if you go to the American Red Cross website, there’s this: https://www.redcross.org/get-help/how-to-prepare-for-emergencies/hands-only-cpr.html https://www.redcross.org/get-help/how-to-prepare-for-emergen... Third link on the homepage scrolling on my phone. That gives you some simple instructions on CPR, a video which isn’t playing for me because I can’t bring up the playback controls on my phone (they should fix that, it’s crap like this that makes people turn to YouTube in the first place), a zip code search field to find where you can get in-person training, and apparently there’s also an app which I went ahead and installed to my phone which provides you additional instructions and education on how to deal with various kinds of emergencies you might encounter.