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This is a just a nice rhetoric, but unimplementable in practice due to existence of cheaters and free riders. It is the same as "easy credit" solution - people

This is a just a nice rhetoric, but unimplementable in practice due to existence of cheaters and free riders. It is the same as "easy credit" solution - people just won't pay back, even if they imagine they would. The answer is, ironically, equivalent to investing in a talent, exactly what YC does, and also unimplementable, because east majority of "applicants" would be worthless. Actually even now nothing blocks talented people from rising out of slums or even homelessness. Look at places like India, they really do.

mcv 13y ago
> This is a just a nice rhetoric, but unimplementable in practice due to existence of cheaters and free riders. There's no way to cheat, and if you'd read the article, you'd have seen all the instances that disprove this popular "free rider" myth. The simple fact is: people like money, and they're willing to work to get more of it. Very few people choose poverty if they have other options.