Re:The economics of fun – The secret economics of a VIP party
by walterbell on Monday September 07, 2020 @01:38PM
(#24401041)
From the article:
> Ironically, the promoters’ position in the vip ecosystem was closer to that of the young women they managed than anyone else, though few seemed to realise it. Like the women, most promoters dreamed about joining the club of the super-rich that they hovered around, but they were ultimately excluded from the money and status. They could only pretend to belong.
> the balance of power between investors and entrepreneurs that marks the early, frontier days of a major technology wave (Moore’s Law and the Internet in this case) has fallen apart. Investors have won, and their dealings with the entrepreneur class now look far more like the dealings between management and labor (with overtones of parent/child and teacher/student).
> Ironically, the promoters’ position in the vip ecosystem was closer to that of the young women they managed than anyone else, though few seemed to realise it. Like the women, most promoters dreamed about joining the club of the super-rich that they hovered around, but they were ultimately excluded from the money and status. They could only pretend to belong.
From 2012, https://www.forbes.com/sites/venkateshrao/2012/09/03/entrepr...
> the balance of power between investors and entrepreneurs that marks the early, frontier days of a major technology wave (Moore’s Law and the Internet in this case) has fallen apart. Investors have won, and their dealings with the entrepreneur class now look far more like the dealings between management and labor (with overtones of parent/child and teacher/student).