alt Hacker NewsI'm making the argument that past bubbles like ZIRP, blockchain and now AI have given many engineers the illusion that "engineering" the same product forever is a sustainable endeavor.
Turns out that's not the case and with each bubble popping more and more people get a rude awakening. Some are able to jump on another bubble and keep the gravy train going, but might be left in the dust in the next one and so on.
If anyone was conned, it's primarily the younger engineers who started their career in those bubbles, were never exposed to the financial realities or even forced to think about it, and now get a very unpleasant wake up call.
You may disagree with my argument - but in that case I suggest taking a short position on Bending Spoons & their competitors who appear to be making the same argument and putting their money where their mouth is.
You've fully retreated:
You started by calling engineers "deadweight" that Bending Spoons correctly cuts. Now they're victims who were "conned" and given "illusions" and deserve sympathy for their "unpleasant wake up call."
These are incompatible framings. Deadweight is culpable. Victims of a con aren't. Which is it?
> I suggest taking a short position on Bending Spoons
Strip-mining is often profitable. That's not the disagreement. The disagreement is whether "profitable" validates your original framing that the workers being cut are deadweight rather than, by your new admission, ordinary people who were lied to by the actual decision-makers.
Note also the lack of understanding of finance, coupled to parroting pop-finance, continues. You're trying valiantly to hammer phrases we all know, into meanings they don't have. They sound epic, and are very "law of nature" feeling. I understand the appeal. Anyways, you cannot short a company without a stock.