capitalism
Markets as a system rather than a market: what it is for, what it costs, and what people mean when they say they are retiring from it.
FilterEveryone, all time95 from 53 people
- PL
Pieter Levels quoted
Dutch bootstrapper who builds and runs his internet startups alone
Their wordsIt's inevitable and Marx was right in this sense, capitalism will eat itself on a long enough time span
- 4 days earlier
- DH
David Heinemeier Hansson quoted
Creator of Ruby on Rails, CTO of 37signals
Their wordsCapitalism is the greatest engine of growth and prosperity the world has ever seen.
- DH
David Heinemeier Hansson quoted
Their wordsOpen source is a great technique for aiding and accelerating it.
- 2 weeks earlier
- PL
Pieter Levels quoted
Their wordsIf you make it easy for people to start and run businesses and don't get in their way too much, everyone gets wealthier
↗It's really crazy how strongly wealth inverse correlates with regulatory burdenlevels.io
- PL
Pieter Levels quoted
Their wordsIf you make it hard for people to start and run businesses and get in their way constantly, everyone gets poorer
↗It's really crazy how strongly wealth inverse correlates with regulatory burdenlevels.io
- 2 days earlier
- BR
Barry Ritholtz quoted
Co-founder, chairman and chief investment officer…
Their wordsThat is a very anti-competitive, anti-free-market way to keep wages artificially suppressed.
- 1 day earlier
- PL
Pieter Levels quoted
Their wordsSpend less -> lower costs -> more profit -> more money saved -> more money to invest -> more % returns on investments
- 5 days earlier
- RH
Robin Hanson quoted
Associate professor of economics at George Mason University
Their wordsthe modern era is when humanity broke its process for the evolution of (not in) cultures, due to making an integrated world of fast change driven by capitalism, but where capitalism was blocked from running many key areas of culture.
↗The Arc of Moral Authority: From Tradition To Interiors To Pricesovercomingbias.com 1st of 3 in this piece
- RH
Robin Hanson quoted
Their wordsFor the post-modern era, the process solutions that I've found to cultural drift are (a) letting capitalism run everything, (b) groups managed to raise futures market price estimates of future group adaptive success, and (c) large regions managed to improve futures market estimates of dates when we achieve sacred goals that conflict with civ collapse.
↗The Arc of Moral Authority: From Tradition To Interiors To Pricesovercomingbias.com 2nd of 3 in this piece
- RH
Robin Hanson quoted
Their wordsAt the mind level, the new moral authority that seems to best support these solutions is: speculative market prices.
↗The Arc of Moral Authority: From Tradition To Interiors To Pricesovercomingbias.com 3rd of 3 in this piece
- 4 days earlier
- JZ
Jeffrey Zeldman quoted
Web designer and writer
Their wordsThe pursuit of money above all else has done the world great harm, and yet it continues, grinding ever harder, ever faster.
↗Remembrance of Websites Pastzeldman.com 2nd of 2 in this piece
- BM
Branko Milanovic quoted
Economist specialising in global income inequality
Their wordsIncome of capitalists is likely to increase because AI companies are owned by actual people and these people, like shareholders in general, are well-off. Thus the rise in the capital share also means rising incomes of the rich and higher inequality of income.
↗Three types of literature regarding the world of AIbranko2f7.substack.com
- 1 day earlier
- HN
Haley Nahman quoted
Writer living in Brooklyn and former Man Repeller features director
Their wordsIt's hard to escape that economic engine, and easy to mistake its machinations for reality-a supply rising to meet demand, say, rather than a warped supply that whips up demand.
↗#282: Movies “for women”haleynahman.substack.com 1st of 2 in this piece
- HN
Haley Nahman quoted
Their wordsThe market has an incentive to privilege aspects of womanhood that can be named, depicted, and immediately recognized.
↗#282: Movies “for women”haleynahman.substack.com 2nd of 2 in this piece
- 1 day earlier
- PL
Pieter Levels quoted
Their wordsNeo feudalism will mean AI companies at the top and the rest of us as serfs paying them to use AI for literally everything
↗With regulatory capture we will speedrun to a new feudalist timelevels.io
- 2 weeks earlier
- RK
Rohit Krishnan quoted
Writes Strange Loop Canon
Our readingA market becomes commodified through fungibility of alternatives, not merely through lower price.
Their wordsCheapness alone doesn't create commodification, what you need is fungibility.
↗Who Wins As Intelligence Commodifies?strangeloopcanon.com 1st of 3 in this piece
- 5 days earlier
- PG
Paul Graham quoted
Co-founder of Y Combinator and Viaweb
Their wordsThe way to win at capitalism is to focus on what it actually does (make customers' lives better) rather than the socialist caricature of it (squeeze every penny out of them). The latter gets you 2x returns at best, whereas making new things for people can get you 10x.
- 4 weeks earlier
- DH
David Heinemeier Hansson quoted
Their wordsBut I've also realized at some point when I retire, it will actually be a retirement from capitalism. It'll be a retirement from customers and the economic exchange.
↗DHH: How to Build a Profitable Company Without Losing Controlyoutube.com 12th of 15 in this recording
- 2 weeks earlier
- BS
Balaji Srinivasan quoted
Co-founder of Counsyl and of Earn.com
Their wordsThe primary axis is no longer the politico-economic axis of capitalism-vs-communism, but the ethno-cultural axis of ethnomasochism-vs-ethnonationalism.
- 1 day earlier
- JJ
Justin Jackson quoted
Canadian bootstrapper and writer on small software businesses
Our readingScarcity and difficulty of production, not just usefulness, are what let a seller charge more.
Their wordsGenerally, the economy rewards difficulty and rarity. If something is hard to do or make, you get to charge more.
↗The value of software in a Fable worldjustinjackson.ca 1st of 3 in this piece
- 6 days earlier
- SW
swyx quoted
Writer and developer
Our readingThe finance industry is built on false mathematical precision and prone to systemic collapse.
Their wordsFinance only to find that it is a house of cards built on false precision, as the world collapsed around us
- 2 weeks earlier
- MK
Matt Kepnes quoted
Budget-travel writer who publishes as Nomadic Matt
Their wordswhen you work for yourself, you lack the kind of safety net protections you get with a corporate job.
↗Nomad Citizen: A New Social Safety Net for Entrepreneursnomadicmatt.com 1st of 2 in this piece
- 5 weeks earlier
- JS
Jasmine Sun quoted
Writer and former Substack product manager
Their wordsUnfortunately, I think building "tool AI" is basically cope.
↗🌻 notes on AI, labor, and Chinajasmi.news 2nd of 3 in this piece
- 3 days earlier
- ER
Eric Ries quoted
Author of The Lean Startup and Incorruptible
Their wordsthis idea is old enough that we now have a generation of people who have been raised as if this was a natural law. This is how capitalism has always been. But that's wrong. For the vast majority of the time, for hundreds of years, we have had joint stock corporations. Only the last 40 have we had this idea.
↗How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Riesyoutube.com 15th of 24 in this recording
- 2 weeks earlier
- PH
Phil Hagelberg quoted
Programmer known online as technomancy
Their wordsWhen a company dominates the market, they capture not only their own users but even the imaginations of people actively resisting them.
↗in which more paths are charted towards code independencetechnomancy.us 2nd of 3 in this piece
- 2 days earlier
- MA
Mari Andrew quoted
Writer and illustrator, author of Am I There Yet
Their wordsthe economy now asks every creative person to essentially become a small media company, which is a very specific skill set that has nothing to do with why most of us started making things in the first place
↗On Monetizationmariandrew.substack.com 1st of 2 in this piece
- 9 days earlier
- KK
Kyle Kingsbury quoted
Distributed-systems safety researcher
Their wordsI suspect that if companies are successful in replacing large numbers of people with ML systems, the effect will be to consolidate both money and power in the hands of capital.
↗The Future of Everything is Lies, I Guess: Workaphyr.com 3rd of 3 in this piece
- 2 weeks earlier
- MC
Mason Currey quoted
American writer on how artists work
Their wordsMoney is such a paltry measure of a thing’s worth, and yet it’s the measure we all live by, as Van Gogh knew all too well.
↗Seven signs you’re a real artist (Subtle Maneuvers)masoncurrey.substack.com 1st of 2 in this piece
- 8 days earlier
- DH
David Heinemeier Hansson quoted
Our readingNew businesses improve the economy for all
Their wordsWhen the pie gets bigger, it gets better for all, as long as nobody is robbed of their existing slice
↗Denmark desperately needs more inequalityworld.hey.com 1st of 2 in this piece
- 12 days earlier
- MA
Mari Andrew quoted
Their wordsOur dumb economy might prize a certain talent more during a certain period of time or place, but that doesn't mean you should.
↗How to find your passion in lifemariandrew.substack.com 3rd of 3 in this piece