logoalt Hacker News

andsoitistoday at 1:32 PM1 replyview on HN

> It's not like capitalists are creating anything valuable,

Some capitalists create enormous value, some destroy it, some are essentially passive recipients of returns generated by others.

Capitalists provide real productive functions like capital allocation, risk-bearing, founding, governance, monitoring, etc.


Replies

shimmantoday at 1:37 PM

No capitalists just provide money, something other entities can as well. Often better too.

Capitalists are completely useless when they have no workers, so I don't understand your points outside of "wow capitalists require a lot of workers to exist."

Hence the rush towards LLM systems, the dream of perpetual labor machine is too enticing.

There is also no risks for capitalists, do we live on the same planet where the stated US economic policy isn't to socialize the risks and privatize the gains?

show 2 replies