• 3 Posts
  • 413 Comments
Joined 8 months ago
cake
Cake day: February 14th, 2025

help-circle

  • This is a really odd take.

    you’re 401k is being invested while the market is down

    Sure but you just lost half your 401k, including half of what was invested while the market was overpriced.

    When unemployment is high, […] That results in lower rates for consumer loans. So people that have stable jobs […] can take out loans

    Yes, but lenders also tighten their criteria during these times because even a stable job is dramatically less stable during a recession or depression. It’s very difficult to borrow money in an economic downturn.

    When the market recovers, you’ve had years of experience

    Sure but if the market didn’t collapse you would still have those years of experience. During a collapse fewer people will have consistent employment.

    It’s a grind but at least they didn’t end up drug addicts and alcoholics like so many others

    Not sure where you were going with this part.

    The universal economic truth is, in times of economic uncertainty the working class does the heavy lifting.




  • Is that because they’re so focussed on growth and advancement though?

    Right now there’s no incentive for efficiency. The focus is using venture capital to grab market share by implementing new products.

    If suddenly everyone realised that the new iterations are more costly without any new functionality, the focus would switch and it might be worthwhile.

    Right now, you can buy a $500 GPU, and run an LLM locally that can help you draft documents or code or transcribe audio. If that were scaled up to a subscription service surely it could be reasonably priced, yet profitable.











  • I get that you don’t see it this way, but from the perspective of the law they’re just livestock.

    I do very strongly agree that they never should have been allowed to be held captive, but that can’t be undone.

    I don’t know anything at all about this company but I very much doubt that their assets are sufficient for them indefinitely. They may have assets but they almost certainly have debts. Caring for these whales would be a huge financial undertaking. Almost all the same costs the park has had while it’s been entertaining guests.

    I don’t really have any solutions I’m sorry, I’m just opining that using the parks remaining assets to care for them isn’t viable.