Re:San Francisco Bubble
by popmystack on Friday January 29, 2016 @03:00PM
(#10998037)
There is absolutely no reason for this post to be down voted. I am not sure why people are okay with "it will fix itself" -- it is an absurd position.
But it seems there is such an unquestioning faith in "the invisible hand" that the mere suggestion that misrembered high school economics may be an oversimplification, let alone in error, is viewed as unspeakable blasphemy.
Particularly ludicrous is:
>4. Bad engineers? Yup, I've met some of them. They'll eventually leave too when the system weeds them out.
But I'd ask the prophet of the invisible hand these questions:
Isn't the current state necessarily exactly correct given the panglossian invisble hand?
How is it other's using the same hand waving also claim the bay area economy is a permanent feature? Heretics I presume?
If the invisible hand is going to correct the situation, when will it happen? Next week? A hundred years? Or "soon, my son, soon"