@petergleick This seems like such a venture capitalist mindset: fund a bunch of startups hoping that one is a unicorn that out-pays the losers. Yeah, it can work as a business strategy. But people like to forget: so much of the fundamental science and technology was originally developed with govt tax dollars. Most talented ppl come from good schools and free countries. People like to ignore all the infrastructure of human talent and knowledge.
Notices by Pickle Rick :arakawa: (beeftacos@famichiki.jp)
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Pickle Rick :arakawa: (beeftacos@famichiki.jp)'s status on Sunday, 17-Dec-2023 20:12:42 JST Pickle Rick :arakawa: -
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Pickle Rick :arakawa: (beeftacos@famichiki.jp)'s status on Tuesday, 14-Mar-2023 18:55:20 JST Pickle Rick :arakawa: @QasimRashid Some of the other headlines on the front of WSJ today caught my attention:
"Banking Crisis Calls Fed's Rate Path Into Question" -- so it's the Fed's fault? And not the bank or deregulation?
"How to Protect Your Money From a Bank Collapse" -- so the customers are supposed to mitigate risk now? Nevermind all those pesky regulations from 1929...
... and a couple other headlines. It seems they're casting around for any scapegoat except deregulation, or the bankers themselves.