Recent submissions

Comment · 2 years ago
https://news.ycombinator.com/item?id=15659076

"Entrepreneurship is like one of those carnival games where you throw darts or something.

Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on.

Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work.

Poor kids aren't visiting the carnival. They're the ones working it."

Comment · 7 years ago
The rich also kept buying mortgage backed securities all the way until they suddenly wanted to sell them all.
Comment · 7 years ago
Rural areas have a much larger ecological footprint than urban areas, per capita. There's no way around that.
Comment · 7 years ago
Yet another Western hypocritical "oh no, Chinese want to consume almost as much as we do, think of the consequences!".
Comment · 7 years ago
I don't think they own most of their locations. They're just leasing long-term and subleasing short-term.
Comment · 7 years ago
MMT is both a description of the current system, a system that is already in place, and a set of policy proposals. So "believing" in MMT may simply mean understanding clearly the process already happening.
Comment · 7 years ago
Comment · 7 years ago
How many times in your job did you have to implement reversing a string without calling a library?
Comment · 8 years ago
[flagged]
Comment · 8 years ago
Markets existed long before capitalism. So saying "capitalism is just a market" is just plainly incorrect.
Comment · 8 years ago
There was a period after the collapse of the USSR when there were a lot of private TV channels being set up, which would just show latest Hollywood bootlegs. Some movies which were still in theaters in the US would be shown on TV. That, and random soft porn after children's bed time.
Comment · 8 years ago
Comment · 8 years ago

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