Venture capital distorts the free market by enabling companies that should die to live for a period of time without revenue. ;)
@chriseppstein there should be some incentive for investment, right? @jmbroad @steveklabnik
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@wycats@jmbroad@steveklabnik interest is a good investment incentive. -
@chriseppstein interest is not always good enough in cases involving high risk. Also can't lend labor as easily@jmbroad@steveklabnik -
@wycats@jmbroad@steveklabnik making $1B on a $250k investment is unethical.#thesenumbersaremadeup -
@chriseppstein in other words, where does ownership come from in the first place?@jmbroad@steveklabnik -
@wycats@jmbroad@steveklabnik so the moral argument is that only laborers should own corporations. Hence the term "wage slavery" -
@chriseppstein you need to explain where companies come from in the first place for your argument to work@jmbroad@steveklabnik -
@wycats@jmbroad@steveklabnik here's a wiki on this concept: http://en.m.wikipedia.org/wiki/Worker_cooperative … -
@chriseppstein believe me I'm aware of worker cooperatives. I was part of the park slope food coop. It was a parody of socialism. - 1 more reply
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@wycats@chriseppstein@steveklabnik Absolutely! But, should the incentive be absolute control in perpetuity? -
@jmbroad beyond taxation, what mechanism do you have for reducing control?@chriseppstein@steveklabnik
End of conversation
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