News for hackers. Stuff that matters.

A comment on Jeff Bezos Is Now the World's Second Richest Person. Parent comment

Re:Jeff Bezos Is Now the World's Second Richest Person by sobani on Thursday March 30, 2017 @04:37AM (#13993801)
Musk is a nice example. He probably would've started the same, but Tesla and SpaceX wouldn't have existed / been the same as today.

Remember that at some point Musk had poured all his wealth into those companies and they were one failure away from bankruptcy. If Musk had any less money after PayPal, he couldn't have done what he did.

[ Parent | on HN ]
Re:Jeff Bezos Is Now the World's Second Richest Person by archagon on Thursday March 30, 2017 @04:45AM (#13993829)
In this alternate universe, PayPal could have morphed into PayPalphabet and spawned other companies corresponding to Musk's interests. I think that would still work fine as long as the money stayed within the company and out of executives' hands.
[ Parent | on HN ]
Re:Jeff Bezos Is Now the World's Second Richest Person by 824ueirwfjd on Thursday March 30, 2017 @02:34PM (#13997776)
nope, it wouldn't ever happen. without capitalism -- or greed, incentive, however you want to put it -- none of those companies would exist.
[ Parent | on HN ]
Re:Jeff Bezos Is Now the World's Second Richest Person by archagon on Thursday March 30, 2017 @02:51PM (#13997909)
Yes, I think it absolutely would happen. Incentive would still be there. People won't sit around idle just because they can't make a million times more money than their peers.
[ Parent | on HN ]