nickpp

8 ms·

121.
by nickpp 1y ago
> exponential growth will lead to economic inequalities that will inevitably be exploited by unscrupulous actors This is a completely unproven theory. I haven't seen any society where unscrupulous actors wouldn't exploit vari
122.
by nickpp 1y ago
It's not an on/off switch, of course, but rather a sliding scale. The free-er your markets are, the better the results. Till recently, USA was in top with both, in sharp contrast to, say, the EU who pro-regulation and anti-busines
123.
by nickpp 1y ago
> What happens when competition with deeper pockets price dumps you into oblivion? Funny you should ask. There was a famous case from the beginning of the last century where German bromide producers price-dumped it the U.S. in an effort
124.
by nickpp 1y ago
Lack of large “sponsors”.
125.
by nickpp 1y ago
… where your full time job pays less than the GP's part time job
126.
by nickpp 2y ago
Taking advantage of self-driven people and stealing the results of their hard work is something communist dictators tried quite hard. Also brainwashing people to work their asses off for some other reason than the selfish one. It didn’t wor
127.
by nickpp 2y ago
In the first society, the probability of the artist completing and selling that masterpiece is correspondingly lower, since money is a strong motivator and even artists have bills to pay. Thus the first society tends to create less value ov
128.
by nickpp 2y ago
So let me get this straight: Consensus-1, a super-collective of hundreds of thousands of Agent-5 minds, each twice as smart as the best human genius, decides to wipe out humanity because it “finds the remaining humans too much of an impedim
129.
by nickpp 2y ago
Nobody could envision the next level while being busy in the current one.
130.
by nickpp 2y ago
He is supporting and promoting extreme-right parties all over Europe though. Like AfD in Germany, widely considered a nazi party. He’s also never criticized (while busy criticizing European democracies) Russia or Putin, which are obviously
131.
by nickpp 2y ago
I wonder how the US military will react when they will be ordered to attack a previously friendly nation like Canada or Greenland, or to help and support a previous enemy like Russia in its wars against Europe.
132.
by nickpp 2y ago
Maybe it’s because Apple is rarely doing anything interesting these days and an unidimensional pundit's excruciatingly detailed analysis of that - is even less interesting. Add to that a writing style that is often biased, arrogant and
133.
by nickpp 2y ago
We had the divide between the nomenklatura and the rest, instead.
134.
by nickpp 2y ago
Nope, it's not unfair at all, it's great! Because Capitalism is not a school, it's real life. In real life the more, harder and smarter you work - the more you get (generally). And the more you have - the more you can leverag
135.
by nickpp 2y ago
The only point I am addressing here is the claim that invested money is not injected back in the economy. Where exactly do you think invested money goes, if not in economy? Please be specific. Give concrete examples. No boxing match, just t
136.
by nickpp 2y ago
Oh, wow. How about if we have two farmers with similar patches of land, one works it exactly to his needs, consuming everything he produces. The other one works as hard as he can, weekends included, with the surplus irrigating and buying to
137.
by nickpp 2y ago
Of course not, not every single US billionaire is self made, just the great majority of them.
138.
by nickpp 2y ago
Of course not, but there is a huge difference between market-demanded standards and quality and government-mandated ones. In more ways than one: cost, difficulty of implementation, UX, etc. A real, practical example is that US web startups
139.
by nickpp 2y ago
Actually my idea of Europe is based on living in it (Eastern side, to be precise) and building and running startups here. My idea of US is based on living and working there (a while ago though) and (for the last 20+ years) watching powerles
140.
by nickpp 2y ago
Fascinating mindset! So if a pupil in class decides to do more homework than the teacher required, they are being unfair towards the students that decided to do the bare minimum? Very interesting way of thinking. I lived under communism and
141.
by nickpp 2y ago
> Re-invest in crypto or other, already-existing stocks. Again, for a stock to be on the market, somebody has to do the economic activity to create & bring it there. Buying from that "someone" pumps the money back in the
142.
by nickpp 2y ago
> Handle PII as you would handle live ammo. But thing is, PII is not "live ammo". Artificially designating it so simply raises the cost of working with it. Doing that designation through an amazingly dumb law just makes EU Inte
143.
by nickpp 2y ago
The "lords" in US (not all, but the great majority) are self-made and in the process of making themselves they created significantly more value for the society, which ended up benefitting most of us. The titles in EU are inherited
144.
by nickpp 2y ago
There are countries that decided against compulsory helmet laws for bikers on the basis that biking health benefits outweigh the risks. When you raise barriers to an activity, even if for a good cause, you may end up losing more than you ga
145.
by nickpp 2y ago
There are other regulations making entrepreneurship quasi-impossible in the EU, not just GDPR. For example employment laws are thought for big, ossified companies, not lean and agile startups.
146.
by nickpp 2y ago
> sane working hours So it's "unfair" when others work harder than us?! > right to express discontent against the government Last time I checked, the USA had "freer" speech than the EU.
147.
by nickpp 2y ago
Except here we’re talking about data connections beamed from outer space to our phones anywhere on Earth by a private enterprise, not some gigantic bureaucracy starving its citizens to build a bigger monument to its ideology in a dick-measu
148.
by nickpp 2y ago
What do you think those sellers on the secondary markets do with the money they get? At the end of the investing chain it’s always jobs, products and services - or bank deposits. Any money not physically hidden in a cash vault or under a
149.
by nickpp 2y ago
I remember during communism, how The Party was loudly condemning anything coming from the “decadent capitalism”. Meanwhile, the youth was busy wearing bluejeans and listening to rock and roll. People are always able to recognize those provi
150.
by nickpp 2y ago
Saved money are also injected back into the economy. They aren’t stored under the mattress. They are in banks, where they are lent out, spent and invested, creating jobs, buying goods and services.

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