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Just as ridiculous (or not ridiculous) as bailing out Wall street back in 2008. Silicon Valley is officially too big to fail.


This is not the only candidate for a bailout. There's a potential for contagion here. https://www.marketwatch.com/story/20-banks-that-are-sitting-...


Oh no! Anyway...

I can't be the only one sitting here going, "okay, fine?". Do I want individual devs screwed? NO! Do I want to watch this same cycle of bailouts play out AGAIN benefiting the capital class AGAIN because god forbid they suffer from the shit-end of the capitalism stick? God forbid they have to tighten their laces and bootstrap and all the key-buzzword-unsympathetic crap? HELL NO.

edit: Since 4 neutrally-scored comments over 5+ hours is too much for this amazing, awesome website, let me elaborate here, something I can't post elsewhere (maybe if I sucked up more and lamented the impending horrible sad boohoo-y times for VCs...):

Why? Why do I try? Why do I try to build things of actual persistent value, instead of just building a big financial institution, tying it to others, and then just taking bigger and bigger risks knowing a bailout is "too-big-to-fail" inevitable? It's utter fucking insanity bred by a community of people that thought they were gonna have their shot on the other side of the see-saw.


“It will create jobs!”


SV isn't known for creating jobs either. Google, a TRILLION dollar company, won't even employ overseas tech support staff, let alone domestic.


Impressive gymnastics the way you managed to relate this topic back to the tried and true "Google doesn't provide support isn't that bad?" topic that HN loves so much.

Is that all that qualifies as a job to you? Tech support? The other 190k people working at Google don't have jobs?




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