4 ms·

Surely this time we'll learn our lesson and disempower the parasites that create these situations, right? Right guys?

rubyfan 3mo ago
Next time it’ll be different though
Mistletoe 3mo ago
>"I have a feeling in a few years people are going to be doing what they always do when the economy tanks. They will be blaming immigrants and poor people." -Mark Baum, The Big Short The scapegoats for this plan never change and have never changed in human history.
- expedition32 3mo ago
  When the world goes to shit society does two things: search for a strong leader and build temples. Dying with dignity is never in the cards.
thelastgallon 3mo ago
Not this time. This time, we'll bail out them out because they are too big to fail and they need the money and assets. Next time we'll definitely get them. Pinky promise.
- JumpCrisscross 3mo ago
  > we'll bail out them out If it’s after the midterms, I’m doubtful. The AI leaders—apart from Dario—have gone particularly partisan. We also have a lot more post-crisis tooling that lets us wipe equity even when bailing out. See, for example, the ‘23 bank failures.
  - davidw 3mo ago
    People are already sour on the economy. They are going to be in a whole mood if we get a real, serious recession.
- jeffalyanak 3mo ago
  Even if one thinks we need to bail out the _companies_ to prevent more severe economic collapse, we could still arrest plenty of those who were in charge of these organizations.
  - notnullorvoid 3mo ago
    As much as I'd like to see Sam and Dario fall from power, I don't think they should be the ones going to prison for this. Investors gave them money full well knowing there would be no return until they could steal from retail investors when the companies IPO.
tophnposts 3mo ago
[flagged]
Alex_L_Wood 3mo ago
Which parasites?
- henry2023 3mo ago
  The hoarders.
- Gigachad 3mo ago
  Elon Musk, Sam Altman, Jeff Bezos, Mark Zuckerberg, etc
- thot_experiment 3mo ago
  All the people with zero sum jobs that serve to shuffle money to those with leverage.
weregiraffe 3mo ago
Yes, and then you'll build a communist paradise. It's just one purge away.
red369 3mo ago
Always loved this from The Big Short (movie): "In the years that followed, hundreds of bankers and rating agency's executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries. Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers. And when all was said and done, only one single banker went to jail." Edit: I see I'm not the first to quote The Big Short in reply - such a good movie (and book)!
- peterbecich 3mo ago
  The narrative of the Big Short omits something big i.m.o.: encouragement of easy mortgage lending standards by Washington politicians. Is this line about the SEC the only reference to government in the movie?
  - deleted 3mo ago
    [deleted]
  - dqv 3mo ago
    But that just goes back to the banks again. Why did the Washington politicians encourage easy mortgage lending standards? Lobbying by big banks. https://scholarship.law.gwu.edu/faculty_publications/1301/ https://scholarship.law.gwu.edu/faculty_publications/1301/ In a similar vein with CAFE standards: why were those loop holes introduced? Lobbying by the auto industry.
simianwords 3mo ago
Increasingly more prominent is this new genre of activist hacker who thinks all big tech guys are bad parasites and if only they didn’t exist and we would have world peace and prosperity. That’s about the biggest virtue they know to signal. The took the antithesis of the “great man” theory and ended up believing in a nonsensical version of it - every great thing in the world was done by normal people working 9-5. This is a kind of crude Labour Theory Of Value. So you see these kind of comments signalling hatred in an attempt to show solidarity. But ultimately it is simply a signalling thing, a way to LARP as an activist because what else might one do as a simple rank and file employee. One wants to have a greater purpose to life and being an activist is a path for it.
- rightbyte 3mo ago
  I think you might have constructed a straw man. Not working FTE to ruin society is not "activism" and many big tech companies are more or less profiteering of good will and trust and spitting out money and misery.
Havoc 3mo ago
It’s a different crowd this time. Instead of bankers and traders with fin instruments its Silicon Valley growth first sane economics later playbook just scaled up to dangerous levels

Next time it’ll be different though

>"I have a feeling in a few years people are going to be doing what they always do when the economy tanks. They will be blaming immigrants and poor people." -Mark Baum, The Big Short The scapegoats for this plan never change and have never changed in human history.

expedition32 3mo ago
When the world goes to shit society does two things: search for a strong leader and build temples. Dying with dignity is never in the cards.

thelastgallon 3mo ago

Not this time. This time, we'll bail out them out because they are too big to fail and they need the money and assets. Next time we'll definitely get them. Pinky promise.

JumpCrisscross 3mo ago
> we'll bail out them out If it’s after the midterms, I’m doubtful. The AI leaders—apart from Dario—have gone particularly partisan. We also have a lot more post-crisis tooling that lets us wipe equity even when bailing out. See, for example, the ‘23 bank failures.
- davidw 3mo ago
  People are already sour on the economy. They are going to be in a whole mood if we get a real, serious recession.
jeffalyanak 3mo ago
Even if one thinks we need to bail out the _companies_ to prevent more severe economic collapse, we could still arrest plenty of those who were in charge of these organizations.
- notnullorvoid 3mo ago
  As much as I'd like to see Sam and Dario fall from power, I don't think they should be the ones going to prison for this. Investors gave them money full well knowing there would be no return until they could steal from retail investors when the companies IPO.

tophnposts 3mo ago

[flagged]

Alex_L_Wood 3mo ago

Which parasites?

henry2023 3mo ago
The hoarders.
Gigachad 3mo ago
Elon Musk, Sam Altman, Jeff Bezos, Mark Zuckerberg, etc
thot_experiment 3mo ago
All the people with zero sum jobs that serve to shuffle money to those with leverage.

weregiraffe 3mo ago

Yes, and then you'll build a communist paradise. It's just one purge away.

red369 3mo ago

Always loved this from The Big Short (movie): "In the years that followed, hundreds of bankers and rating agency's executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries. Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers. And when all was said and done, only one single banker went to jail." Edit: I see I'm not the first to quote The Big Short in reply - such a good movie (and book)!

peterbecich 3mo ago
The narrative of the Big Short omits something big i.m.o.: encouragement of easy mortgage lending standards by Washington politicians. Is this line about the SEC the only reference to government in the movie?
- deleted 3mo ago
  [deleted]
- dqv 3mo ago
  But that just goes back to the banks again. Why did the Washington politicians encourage easy mortgage lending standards? Lobbying by big banks. https://scholarship.law.gwu.edu/faculty_publications/1301/ https://scholarship.law.gwu.edu/faculty_publications/1301/ In a similar vein with CAFE standards: why were those loop holes introduced? Lobbying by the auto industry.

simianwords 3mo ago

Increasingly more prominent is this new genre of activist hacker who thinks all big tech guys are bad parasites and if only they didn’t exist and we would have world peace and prosperity. That’s about the biggest virtue they know to signal. The took the antithesis of the “great man” theory and ended up believing in a nonsensical version of it - every great thing in the world was done by normal people working 9-5. This is a kind of crude Labour Theory Of Value. So you see these kind of comments signalling hatred in an attempt to show solidarity. But ultimately it is simply a signalling thing, a way to LARP as an activist because what else might one do as a simple rank and file employee. One wants to have a greater purpose to life and being an activist is a path for it.

rightbyte 3mo ago
I think you might have constructed a straw man. Not working FTE to ruin society is not "activism" and many big tech companies are more or less profiteering of good will and trust and spitting out money and misery.

Havoc 3mo ago

It’s a different crowd this time. Instead of bankers and traders with fin instruments its Silicon Valley growth first sane economics later playbook just scaled up to dangerous levels