Capitalism works with debt for growth. Strange HN doesn't understand this

Subsets of HN do understand this.

Subsets of HN just want to know how long before they need to withdraw their savings, or sell their position.

I would say growth is even expedited with high allowances for borrowing/leverage, but at the cost of increasing systemic risk.

Obviously the people who will suffer from this are the taxpayers, who don't get a say in the matter, so no one is going to stop and consider whether it's a bad idea to continue issuing more and more debt.

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TacticalCoder 3 days ago | parent | prev [-]

And capitalism also works with crashes taking unprofitable companies down. And frauds, eventually, gets companies valuation like Enron and FTX to zero. And people go to jail.

Now I'm not saying OpenAI or Anthropic are frauds. What I'm saying is that, eventually, things revert to what is just.

The late 90s SV tech-bros behind pets.com or webvan for example faked it for 18 months to 36 months or so. At some point when the expenses outnumber the revenues, capitalism does its thing.

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arisAlexis 3 days ago | parent [-]

Yes and since there is no fraud there is no reason for this panic they know what they are doing

	▲	nitwit005 2 days ago \| parent \| next [-]
		A number of famous business leaders have admitted they had no idea what they were doing in their memoirs. A few have even suggested that was an advantage. Everyone running these AI firms is being forced to make educated guesses about the future of the technology and the industry. It's unlikely they're all making accurate predictions.
	▲	camillomiller 2 days ago \| parent \| prev \| next [-]
		Delulu much? My God some people
	▲	boesboes 2 days ago \| parent \| prev [-]
		hahahahaahahahhahahhaaa