1,634 karma · joined February 26, 2014
edit: sadly dang has once again taken it upon himself to stop communists from posting on HN. I'm sure most of y'all agree with this in the first place. at any rate take this as an open invitation to drag me in the comments with whatever ridiculous nonsense you can dream up. I won't be responding to any of it because I literally can't. thanks
You're right that, by the numbers, there are a lot more small companies than large companies. But it's the large companies that steer our political and economic institutions. And, in many or most cases those smaller companies will have to compete with the larger ones, and certainly rely on at least some of them for their operations.
This seems like an old-fashioned view on the nature of business. It may have been true 50 or 60 years ago (at least) but I think it's the exception rather than the rule today. Cutting loose your employees is what provides income security in tough times (for the employees not cut loose). Loans buy new machines. If you have a couple slow seasons you'll simply be bought by some private equity firm, loaded up with debt, then driven into the dirt along with any pension obligations etc., the firm may have had.
Plenty of capitalisms do, have done, and are currently doing, exactly this. I should know: I live in one.
And indeed, this is usually how such discussions about this topic proceed, with someone opening with the narrow definition of "transaction" - not necessarily monetary, of course, but at least two well-defined sets of things that two people intend to trade (and where a withholding from one party would result in a cancellation of the deal) - and then as you point out more and more human behaviors that don't work like this, they retreat to the point where, for example, a parent taking their child out for ice cream is a "transaction" because the child wanted ice cream and the parent wanted to do something nice for their child.
If that's your working definition of "transaction" then fine for you, but you can't then make some argument that it's neoliberal economics that best reflect human nature and fulfill human needs because of its insistence that all economic activity be mediated by a free market (i.e. a forum supposedly for the free and open proposal and settlement of transactions). The "transaction" of one, is not the "transaction" of the other: neoliberalism and indeed capitalism itself would not work even by their own internal logic if they assumed the same notion of "transaction" as that required of the statement "all human relationships are transactional."
The reason we can't do that anymore is that it requires something like an equitable distribution of political power. Our current system is so top-heavy in terms of who determines policy and political direction, that even simple problems with easily-mitigated failure modes are beyond us.
If two people do not treat their relationship as transactional, then it is not transactional. I don't know how to make this any simpler: at least one counterparty has to, at least, agree to the notion of "transaction" entering into the interaction in the first place, for a transaction to be taking place (and, I think, it could be argued that both counterparties must approach it this way). If they don't, then there is no transaction.
You seem to regard the idea of transactions as something fundamental to all human behavior, like a law of physics. This is not the case.
Unless there's a way to get very rich from doing it, it won't get done in the contemporary US.
Indeed. Had this happened in a country more vulnerable to regime change their government may have been couped already.
I'm surprised it worked, in the sense that they were able to harness market economics and capital accumulation without turning into a capitalist dictatorship like happened in the West. Even with the benefit of hindsight, I'm not sure how they managed to avoid that (there is still time for it to happen though!) but I'm happy for their success.
> What do you have to say for their campaign of ethnic cleansing?
Pretty much what most of the rest of the world has to say about it, I suppose.
China is "winning" and will continue to win, not because they are more virtuous, but because they can move on to the next thing while we're stuck with end-stage capitalism and all the rentierism that comes with it, apparently forever.
Of course China does spook shit. What are they supposed to do: refuse to do intelligence out of some misguided sense of morality so the CIA has free rein to do whatever they want, wherever they want, whenever they want? You might as well just assert that China's bad because they refuse to get owned by US intelligence - it's an equivalent sentiment.
The real giveaway though, was the fact that stock dividends - you know, the thing that historically you buy stock for - are basically unheard of among all but the biggest companies in tech (and even unheard of among some of those). We have now an entire generation of leaders in tech for whom profitability has been this kind of abstract notion they didn't have to think about much, which explains why they all seem so ham-fisted now that they're being forced to.
The reason so many companies are doing such a terrible job of it right now, is that frankly there aren't many c-levels in tech who are mentally equipped to think about their business that way, and even fewer who have ever been in a position where they had to. Reddit's the latest example of this: 18 years and never been profitable? And Huffman calls himself a libertarian? Good grief.
I'm glad of it. Our industry is filled with basically con-men who have no idea how to run a business profitably (or interest in doing so) but have made up for it by having the right phone numbers etc. It's good that they're being squeezed, because it creates room for people who want to run an honest business.
And, DMCA is bad law but many companies make it worse in their overzealousness to "comply" with it.
What's wrong with that?