If you’re ever depressed about building useless software just remember - leveraged buyouts are a thing. You could buy your company for nothing by just putting massive debt in the company account and actually manage it right.
Well, in theory, in actuality this piece of accounting bullshit is reserved for vulture capitalists that will destroy the value of the company and asshats (see: Elon Musk) that will destroy the value of the company.
Capitalism destroys everything that we build!
Well unless you somehow able to liquidate more money than the debt, the lender is the fool. The original founder practically got an exit that all startups wanted, you get the cheated money, but the lender gets nothing. You have to be able to fool someone into this position first.
Oh certainly. I’m sure Elon Musk is totally going to pay that loan back. It’s impossible that he bought out Twitter just to be able to ban people who pointed out how much of an asshat he is. Also, Trump somehow keeps getting loans and he’s loses more money every month than most of us make in a decade - that’s the sort of savvy businessman you can trust.
That’s a pretty hot take saying that on the internet considering the Internet got its start as a government program. Hell, a lot of the fiber in the US was done through corporate welfare programs. A lot of rural places wouldn’t even have Internet if it weren’t for our taxes going to the common good (like socialism!). Let’s not forget all the things that came out of NASA and government funded universities.
He’ll, I like a bit of capitalism. A well regulated market that promotes competition can be fantastic. But to say almost everything came from capitalism is either ignorant, willfully stupid, or so full of propaganda that you can’t possibly be a functional adult.
Yeah it’s obviously as much of a hot take as it is to say “capitalism destroys everything”, which is what I was responding to.
I’ve grown up in a well regulated market economy, probably one of those countries the American right wing would call communist because, hey, you get a free education and health care, so I’ll be the first to acknowledge the role of the state.
The problem with most of online is that it’s seen through American lenses. When most people say communism they mean free healthcare and when most people say capitalism, they mean robber-baron free-wheeling markets without unions where cash is king and lobbyist are seen as a healthy part of government.
I’d like to be someplace in the middle please.
But bear in mind I was reacting to someone saying “capitalism destroys everything” and I mean, for Darwin’s sake, look around you. Almost everything I can see and touch has been delivered by a for-profit business operating in a capitalist society (one that for me has always, and should always, be well regulated).
I’m 46, married for 16 years, 4 kids and held a steady job since 18. I’ll leave it with you to decide if that’s a functioning adult or not. But thanks for getting personal, that really elevated the debate.
Yes and I’m all for it.
It doesn’t change the core of my argument, which is to resist a comment saying “capitalism destroys everything we’ve built”.
I will admit I was being rather hyperbolic - capitalism isn’t all evil… but our current brand of capitalism is evil as fuck.
Who’s “our”? If you mean the American brand of capitalism, oh yes, that’s not a society I would prefer to live in.
