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Many arguments for sketchy business moves like ticket scalping or PE / market making is that they "create liquidity" Who is to say that a business should be li
by gmd63 3y ago
Many arguments for sketchy business moves like ticket scalping or PE / market making is that they "create liquidity"
Who is to say that a business should be liquid? Why? What is the value in making it easy to bail on your responsibilities, and why should we encourage people to quickly build a complicated and powerful system and make it easy for them to recuse themselves of that duty?
- Aunche 3y agoI see your point, but otherwise you'd be punishing people for pursuing essential lines of work. A software engineer at a FAANG gets to enjoy liquidity without scrutiny even if they're just facilitating the sale of ads. Why shouldn't a doctor who saves lives get to do the same?
- gmd63 3y agoThe value of your actions is not just the immediate work you do. It's the long term effect of the sum of your choices. If you save lives only to put your system that you've built in the hands of a price extracting PE firm, it's arguable you are violating the Hippocratic oath. One of the other commenters mentioned a study that measured a 10% increase in mortality after PE acquisition on average.