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This is a weird take. Cheap wages? Both of your examples paid decent wages, especially in the example of Uber. It was just an unprofitable business model sub
by refurb 3y ago
This is a weird take.
Cheap wages? Both of your examples paid decent wages, especially in the example of Uber.
It was just an unprofitable business model subsidized by VC money or Amazon corporate profits.
That sounds like a good thing?
- lupire 3y agoIt's bad because it redirects human effort into wasteful activity. Same season communisr central planning is bad.
- card_zero 3y agoHow can you tell that it's wasteful? Seems to me that pointing at activities and saying they're wasteful is exactly the central planning you mentioned. Everything "decadent" looks suspiciously wasteful. Stage shows, exotic fruit, ball games, wedding photography, hats, flowers, songs, pets, tourism, novels, hobbies, diamonds ... it often puzzles me how economic activity makes a country wealthy when only a tiny part of it is efficiently providing health, nutrients and shelter. And in fact maybe 90% of it is wasteful, but nobody has the magic ability to identify exactly which 90%, and that's why central planning wrecks wealth, and VC funding apparently thrown down the toilet may in some mysterious way be beneficial to us.