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We get more rockets (literally), faster. We get Tesla, SpaceX, Google, Facebook, AirBnB, Stripe, etc...
by jamesaurichs 3y ago
We get more rockets (literally), faster.
We get Tesla, SpaceX, Google, Facebook, AirBnB, Stripe, etc...
- AndrewKemendo 3y agoSaid another way, America is the sandbox for the rich to experiment on the poor, with technology that may or may not be good for the poor but ultimately doesn’t matter because the ultimate winner is always the one funding them. It’s the test and staging servers for global capitalism
- jamesaurichs 3y agoTesla creates American jobs for the poor to work in manufacturing SpaceX creates aspiration for the poor Google allows the poor to advertise their product to anyone in the world cheaply Facebook allows the poor to market their product to anyone in the world cheaply AirBnB allows the poor to live in an expensive city, cheaply Stripe allows the poor to sell their product to anyone in the world cheaply
- croes 3y agoAnd still people can't afford to buy house like their parents did. Maybe the problem isn't jobs but wealth distribution.
- SideQuark 3y agoPeople are buying vastly bigger houses than their parents did. Adjusted for inflation, and most importantly, for square footage, median US housing costs are quite flat. Last I ran the numbers, per sq foot, prices are slightly lower than in the past. Run them yourself, then check back.
- ipaddr 3y agoWhat poor person works for Telsa? What poor person gets aspiration because of Spacex. A basketball player is cheaper and does a better job inspiring. The poor cannot afford to run adwords campaigns and can't even get a credit card. Facebooks ads even more expensive. The poor are not looking for short term rentals and cannot afford to live in the most expensive cities using airbnb. They live in rundown rent controlled places. Paypal allows the poor to buy/sell.
- theGnuMe 3y agoYou missed the AirBnB effect of driving rents up and kicking poor people out of apartments.
- dns_snek 3y ago> SpaceX creates aspiration for the poor > AirBnB allows the poor to live in an expensive city, cheaply Yeah you're definitely trolling, not cool... or your definition of "the poor" includes people with net worth of $10M.
- opportune 3y agoThose companies have generated hundreds of thousands of extremely high paying jobs because hundreds of millions of consumers/many businesses chose to give them money.
- AndrewKemendo 3y ago[flagged]
- refulgentis 3y agoThat's a cute little quip but it's about climate change, not a complaint about the US having a relatively high amount of venture capital funding.
- opportune 3y agoTell me exactly how these companies are destroying the earth. Snark isn’t an argument My point isn’t even about shareholder value. Both consumers and very many employees have benefitted from these companies’ existence.
- SideQuark 3y agoThe poor in America are richer than the poor in just about any other country. The US poverty line is around the top 15% of world incomes, and that's pre tax transfers. Post tax transfers puts them much higher.
- PhilipRoman 3y agoBut is that before or after adjusting for cost of living?
- SideQuark 3y agoAfter. It's PPP adjusted, as all good economists would do.
- hardware2win 3y agoAirBnB is innovative tech?
- satvikpendem 3y agoIt sure makes it easy for me to travel, so yes, it's innovative enough for me and likely for all their other customers too.
- hardware2win 3y agoInnovative tech, not innovative at all
- deleted 3y ago[deleted]
- k4rli 3y agoMusk's businesses, Google/Meta/Airbnb have arguably only been harmful and we would be better off if they didn't exist.