haiti_outlaw

This is so typical is it not?

The types that always clamor for small government want it small for everything but themselves.

Stricter labor laws? Universal healthcare? God forbid the lower classes get something out of the system. Meritocracy is only for the upper class that deserve their wealth for taking risks.

Now is the time to stand up for their beliefs, and they want a bail out. Meritocracy and capitalism? Nah, let's give cash for the wealthy, so they can keep churning out more subscription services and gig economy apps.

> such as this wonderful phone I’m typing this comment into that can access and search nearly any encyclopedia, map or song in the world in seconds, from almost anywhere.

Cell phones were not created by tech startups.

> AirBnb

Honestly, if AirBnb is the poster child of tech startups, the only sensible thing to do is let this whole tech scene burn to the ground and salt the earth afterwards.

> Why not let the market sort it out? Maybe these startups need to take a down round, or be acquired for a fraction of their value?

This is actually the right answer. Something something founders deserve their money because they take on all the risk.

Well, since we all love capitalism and meritocracy so damn much, let's see those at play for once, shall we?

> actually innovating and building new things instead of giant incumbents.

Let's not use so much lip gloss on this particular pig.

Many startups are just building some shitty apps that exploit labor in this horrible gig economy while they are kept afloat with VC money until they are dumped into the general public via IPO. This marketing fluff has no place here.

Venture capitalists and startup founders are playing the apex of capitalism. Failure and risk is part of the game. Being saved with taxpayer money is antithetical to that.

You can also work there and do the bare minimum until you're fired, cashing in some nice paychecks in the meantime.