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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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Joined July 2009

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    1. Pinboard‏ @Pinboard 15 Feb 2020

      Matt Levine has a funny writeup today of a SoftBank-funded pizza delivery chain that failed after a $375M investment. But this is the dynamic killing innovation in tech. Imagine if you were the one for-profit pizzeria in an environment where everyone else gets stupid moneypic.twitter.com/iA9uL2C5xK

      3 replies 34 retweets 117 likes
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    2. Pinboard‏ @Pinboard 15 Feb 2020

      Look in any healthy industry and you'll see profitable businesses at a variety of scales. The mom-and-pop spaghetti joint coexists with Sbarro, the hipster cafe with Starbucks. But in tech right now, there's only oligopoly and venture-funded moon shots. And Pinboard—use Pinboard

      4 replies 8 retweets 111 likes
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    3. Pinboard‏ @Pinboard 15 Feb 2020

      In 2014, I described a dynamic called "investor storytime", arguing that the business model of the Internet had become playing Scheherazade to gullible rich people. Now Levine has charted its further descent into a self-conning feedback loop where everyone becomes a true believerpic.twitter.com/D3qEzHMQy9

      1 reply 18 retweets 83 likes
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    4. Pinboard‏ @Pinboard 15 Feb 2020

      The entire point of a market economy is to break such feedback loops of self-delusion by forcing a point of contact with reality. It works on a similar principle as elections. If you never have to earn a profit, or win votes, then you'll spiral off into self-indulgent insanity

      1 reply 10 retweets 76 likes
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    5. Pinboard‏ @Pinboard 15 Feb 2020

      Young people look at startups literally throwing electric scooters into the ocean and say "for shame, capitalism!". But they're describing a failure of central planning. Capitalism involves top hats and the efficient allocation of resources.https://www.surfer.com/features/please-stop-throwing-bird-scooters-in-the-ocean/ …

      9 replies 9 retweets 42 likes
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    6. tonnydourado‏ @tonnydourado 15 Feb 2020
      Replying to @Pinboard

      We can play semantic hot potato all day long, but in the end the vast majority of people yelling that public health care is communism and will bring the end of civilization also claim that the current state of things is a) good and b) capitalism.

      2 replies 0 retweets 5 likes
      Pinboard‏ @Pinboard 15 Feb 2020
      Replying to @tonnydourado

      The problem with having any coherent argument about this online is that 'socialism' in 2020 American political discourse has very little to do with state control of the menas of production, and 'capitalism' is everything people dislike about the early 21st century economy

      11:59 AM - 15 Feb 2020
      • 1 Retweet
      • 16 Likes
      • Bryan M Manoj Kasichainula Lucid00 ThisIsAName Keith Adam Wolf Chris jsled 🧦
      2 replies 1 retweet 16 likes
        1. New conversation
        2. tonnydourado‏ @tonnydourado 15 Feb 2020
          Replying to @Pinboard

          You're not wrong. But also words evolve and acquire new meanings and at some point trying to uphold older/original meanings is a lost battle.

          1 reply 0 retweets 2 likes
        3. Pinboard‏ @Pinboard 15 Feb 2020
          Replying to @tonnydourado

          Words also have useful meanings for a reason. The debate between socialism and capitalism covers several centuries of thought, polemic, and a hundred million or so innocent victims, so it seems useful (and respectful) to hold on to the linguistic apparatus for talking about it

          1 reply 0 retweets 8 likes
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        1. Sam but alternatives are available upon request‏ @Conlectus 15 Feb 2020
          Replying to @Pinboard @tonnydourado

          To be even more nit picky, if further clarify that socialism is *collective* control of the means of production, not necessarily state control. I think you can have the reality touchpoint part without unequal economic voting power.

          0 replies 0 retweets 0 likes
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