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No, it’s the business model of YC and “New Silicon Valley.” The original companies that caused people to start calling this entire region Silicon Valley were ma
by eschaton 3y ago
No, it’s the business model of YC and “New Silicon Valley.” The original companies that caused people to start calling this entire region Silicon Valley were making—and, in a few cases, are still making—real things intended to make their users’ lives better.
It was the dot-com bubble and its couple of resurgences that really fucked things up here and made everything off-kilter. The finance bros were drawn like vultures to “easy profit,” and brought with them attitudes like treating Google’s chef getting rich too as a “problem” to be “solved” rather than the system working as designed.
- rvense 3y agoWait, I thought it was called Silly Con Valley because of this exact model?
- TeMPOraL 3y agoYes to both of you. Silicon Valley became Silly Con Valley after the dot-com bubble.
- BasedAnon 3y agoAs usual the financial sector is responsible for basically all the financial problems.
- phpisthebest 3y agoWell when everything is based on unsound money, and a literal ponzi scheme the entire financial sector is the largest con ever created I am not sure how civilization was dupped into the mass delusion of our current economic systems but I do believe we are seeing them unwind right now... the Fed and other controllers have been attempting to catch a falling knife for at least 15 years if not longer... at some point they will loose that battle
- BasedAnon 3y agoIt starts with interest on a loan, then slowly snowballs as everything is gradually cleaved away from reality.