News for hackers. Stuff that matters.

A comment on Jack Ma fell to earth and took Ant's mega IPO with him. Parent comment

Re:Jack Ma fell to earth and took Ant's mega IPO with him by JumpCrisscross on Friday November 06, 2020 @10:39AM (#25008360)
> Why would the person deciding who gets rich let someone else become such person?

No man rules alone. And no man is immortal.

If you are smart, ambitious and lucky enough to build a multibillion dollar company, you can put those faculties to work climbing the political ladder.

[ Parent | on HN ]
Re:Jack Ma fell to earth and took Ant's mega IPO with him by rfoo on Friday November 06, 2020 @10:56AM (#25008515)
I agree, the system certainly encourages you to climb the political ladder, and overall this affects innovation, but things are not binary, what you described may be 100% correct in 60s and 70s, less so in 90s, and during the last 20 years I'd say for those who without background the expected P&L is worse if you play the political game, compared to the entrepreneur route.
[ Parent | on HN ]