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The fact that VCs would rather have taxpayers save their investments rather than pony up themselves really tells you all you need to know about fucking VCs.
by gsibble 4y ago
The fact that VCs would rather have taxpayers save their investments rather than pony up themselves really tells you all you need to know about fucking VCs.
- gruez 4y ago>really tells you all you need to know about fucking VCs. That they want government intervention when it benefits them? I think that describes most people, not just VCs.
- gsibble 4y agoMost people lack the ability to help themselves when they need government intervention.
- gruez 4y agoYeah but conditional on being able to "help themselves", most people still would want government intervention when it benefits them. For the /r/personalfinance users that have a 6 month emergency fund, I doubt they'd turn down the stimulus checks that the government was handing out, for instance. So overall all we figured out were: 1. VCs "can help themselves" (aka. are rich) 2. VCs, like most people want government intervention when it benefits them Not exactly a groundbreaking discovery that requires a crisis to unearth.
- dragonwriter 4y agoThe observation that the elites in capitalist society consistently seek to privatize the upside and socialize the downside of their investments (while opposing that approach for other segments of society) is…not new. The problem is that we all too often have socialism for the rich and rugged free enterprise capitalism for the poor. — Rev. Dr. Martin Luther King, Jr., February 23, 1968
- gsibble 4y agoWell put.