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What is this drivel doing on the front page of HN? It's one thing to criticize venture capitalists for promoting libertarian ideologies on one hand, and then i
by cs702 4y ago
What is this drivel doing on the front page of HN?
It's one thing to criticize venture capitalists for promoting libertarian ideologies on one hand, and then instantly turning around and asking the federal government to bail out their portfolio companies' bank accounts on the other hand. It's OK to make fun of them too. To paraphrase the late J. K. Galbraith, in the US we see socialism in action mainly when private jets start descending on Reagan national airport, their passengers seeking federal handouts.
But the OP crosses the line into silly territory and keeps going past the line, with nonsensical statements such as "[the troubles at SVB] are emblematic of a startup ecosystem and venture-capital apparatus that are too unstable, too risky, and too unmoored from reality to be left in charge of something as important as the direction of our technological development." Left in charge? Of our technological development? That's not even wrong.