Yes, but it would require lawmakers and regulators to put reforms in place to move away from financializing-all-the-things to something different. Right now, the money is in financializing-all-the-things, so that isn't going to stop. Most can't even articulate with the something different could be - reindustrialization with stronger labor laws? Anti-monopoly moves to break up big corporations into smaller ones and prevent M&As?
The ultimate check is some form of socialist revolution, which then ends up swinging to the extreme the other way. There never seems to be a balance.
Yeah (weird the generic website survived today, while many past posts are flagged as AI.. all or nothing, surely?)
(11+1+1+1+1+1+8 points, 4+3 comments) https://news.ycombinator.com/item?id=49007338 https://news.ycombinator.com/item?id=49004158 https://news.ycombinator.com/item?id=48997516 https://news.ycombinator.com/item?id=48994285 https://news.ycombinator.com/item?id=48992115 https://news.ycombinator.com/item?id=48941758 https://news.ycombinator.com/item?id=48920470
Shame submitters: @bilsbie @anigbrowl @neon_electro @bookofjoe @dbelson @speckx @toomuchtodo
Is there any way out of the private equity death spiral we are in? What’s the natural check and balance to it before everything is gray goo?
Yes, but it would require lawmakers and regulators to put reforms in place to move away from financializing-all-the-things to something different. Right now, the money is in financializing-all-the-things, so that isn't going to stop. Most can't even articulate with the something different could be - reindustrialization with stronger labor laws? Anti-monopoly moves to break up big corporations into smaller ones and prevent M&As?
The ultimate check is some form of socialist revolution, which then ends up swinging to the extreme the other way. There never seems to be a balance.