dovereconomics
I realized I didn't have a hormonal or even psychiatric issue: I was an addict.
Addicted to sugar, fat, salt in extreme quantities. I would always go from a bowl to a box of cereal.
So I quit it all. Cold turkey. It could "fit my macros", but I took no sugar, no junk food, no snacks.
Only food. Real food.
And I realized it's really hard to become fat on rice, chicken and vegetables. You"d need an insane appetite.
And, after some time, I slowly regained control.
I stopped counting calories, and now I'm happy to say I'm able to eat half a Snickers bar and not crave anything else.
And I'm fit! Happy eating, keeping a bit of muscle and a low body fat =)
Sure, Uber lobbies city mayors, but what about the financial system that gives $6.6B to a single startup? The inception of all problems.
Politicians and lobbyists? I'd worry about the Fed.
> No right is absolute, and that includes the right to privacy
Indeed true.
That's why you see Brazilian politicians embezzling billions of dollars and running away with it. At the same time, impoverished individuals are imprisoned for years after stealing a basket of eggs (literally).
No, it's not the same as in the U.S. Many innocent Americans are put in jail because they didn't know their rights. Impoverished Brazilians are not even given that choice.
The law isn't the same for everyone. If a Brazilian with a college education is arrested, he goes to a different, more pompous, prison "by law".
TPP, huge inequality, centralization, unemployment ARE NOT a consequence of free market capitalism.
In such case, automation just doesn't outpace the labor market.
Now, when tech companies are partying with an artificial economy controlled by the government, they have more than enough money to that.
A lot of it was a consequence of Fed's policies mainly with ZIRP and QE. From that angle, overvaluation of public companies is more likely than the latter.
And, if startups are 'less undervalued'~'more overvalued' than public companies, it only means they're more prone to volatility, busts and bloodbaths.
If you wanna name the socialistic Keynesian experience 'Capitalism', that's your call. I can't do it.
Take the EM crisis we've been experiencing. Yes, everything going downhill, but many EM investors bought USD as a 'response'. If USD has problems, maybe certain commodities go up. It's hard to tell.
With a 'humble' example:
$3000/month SF/NYC apartment,$1000/month on clothing(specially bankers), $1500/month on food(no time to cook, so $50/day), $2000/month on entertainment($500/week), $1500/ month on a decent car +gas. That's already ~110k a year. It's really easy to go beyond that.
Every generation appears to become more hedonist and think less about retirement. Many of my friends(millennials) make six figures and barely save any money for retirement.
Carpe diem is failing on people.
What would keep them from ditching you and getting the deal without commission/bonus? 'Niceness'/'Decency' doesn't really work in this industry.
Btw, big players are also dependent on a ZIRP, which goes beyond simply 'more credit'.
That's it. If there's central planning(no matter to whom) it's socialism. And, regarding 'lock-in advantages', without a government-backed credit expansion, it'd be really difficult for companies to get as much market cap.
Cronyism only exists when competition doesn't work by means of a government. Get some politicians, create regulations, build a monopoly. No matter how uncompetitive it is, you're still a billionaire.
Anyone with a background on classical economics realizes the U.S is much closer to socialism than capitalism. The existence of 'prices' and greed doesn't imply it's capitalism.
Many of the hacks I did as a child could have gotten me in jail today. Something 'silly' or 'funny' becomes dangerous/offensive/harassment; creativity, ingenuity and imagination are turned into dullness, self-hatred and nihilism.
Crony capitalism still is not capitalism.
But, why are more unicorns a good thing? Yes, there are less VCs willing to throw money at 'SOCIAL APP n', but most startups will tend to have something more concrete.
Plus, assuming unicorns are 'natural forces of free market' is ignorance and hurts the economy in the long-term. These 'natural monopolies' use/abuse a financial system created by government. In a free market(no government intervention), they'd never be able to raise as much money and takeover as much market cap as they currently do.
Less monopolies is not a signal of a interventionist economy. Quite the opposite.
Many talented students can't afford or avoid debt in elite universities.
At the same time, less competitive students may get accepted because of donations/connections/preparatory schools.
Young adults waste their time and money often by blindly having faith in flawed system. They could've been more productive, in an individual and societal level, by having more pragmatic experiences.
Beyond programmers, a century ago, you could get started in finance by getting apprenticeships and moving your way up the ladder. You'd have real work experience and have a position only Ivy-MBAs currently do. In your lifetime, you'd been more productive and probably wealthier.
Still, the 'big lies' are just getting stronger and these techniques are useless on them. How many political identities can be dismantled by 'surprise'?
Without mechanization, it becomes increasingly harder to support yourself without relatives to take care of you after you retire.
So, these poor farmers will demand low-cost solutions to manage these problems. Entrepreneurs would sense this(Bill already did) and start building these tools. It's just how capitalism works.
Unless, there's a crony global economy where corporations buy up government and hold illegitimate monopolies.
As consequence, they are unproductive and unable to keep up with innovation. The world doesn't get what it needs. Bill would also be a good example.
The rhetoric of 'WE NEED MORE DEMAND' has hurt many countries and is probably one of the causes of this slowdown.