I'll just make two points and leave it at that:
1) Ninety percent of all new businesses fail. That's not 90% of dotcoms, it's 90% of all new businesses. This has always been true, and probably always will be. Capitalism is about taking risks.
2) My parents and I are sitting here very uneasily tonight, because tomorrow we're going to find out if my father's being laid off from his job, which he's worked at for thirty years. If he does, it could very well destroy my family for a long long time, especially since I've been laid off myself and have had to come home, to an area where there is simply no work and never really has been, even throughout this "booming economy."
Where does my dad work? The city government. Thirty years and "thanks, here's the door." Socialism can fuck you over just as easily as capitalism.posted by aaron at 3:58 PM on February 1, 2001
Well, it's part of the socialized aspects of US society, functions carried out by the government instead of the private sector. My point was that it's silly to blame "capitalism" since, in the end, we'd all be just as screwed in cases like these even in a much-more-socialist US. People running the government are just as capable of massively fucking up, and then making the employees pay the price while they all keep their jobs and power, as people running private companies. That's what's happening to my father: Years of totally piss-poor management have brought the city close to insolvency, so now they're going to cut services and fire people. People other than themselves.
Human beings screw up, and then try to pass the buck off on others to save their own asses. That's true no matter what political ideology happens to be controlling things. Investors and VCs will happily leave Pyra out to dry, and government muckety-mucks will happily refuse to take care of one of their own even after he gives them his entire life, as long as it saves a few bucks.posted by aaron at 9:55 PM on February 1, 2001
The reason why is because idiot investors can't distinguish between a bad investment and a good one. They're so skittish and stupid, so now they've stopped investing in anything web-related.
"You know, MyPrimeTime.com seemed like a good idea at the time..."posted by jennak at 8:45 AM on February 2, 2001
ok, some will pay - no matter what. and some will quit or choose another brand. and then there will be plenty that will never even start. somehow, blogger will continue [too many addicts], but the question is how?
obviously, pyra made good stuff with blogger... i mean, who doesn't like blogger? but i think too many of the dotcom's that we see going *pop* are closer to being more like us ''bloggers'' than real business pros.
i mean, i'd love my blog to be *discovered* by the big money people, and then i'd have my pockets stuffed with crazy cash!!! and hey, that could happen to any neato blog out there... or software product.
but the dotcom game gives casino odds. hmmm...wow, what a medium to play in. you know, instead of doing paypal, or some other fee scheme [yo, napster], why not use the power of the product itself - and all those who love and use it - to summon the cash from those *vc* people who have yet to see the light coming from pyra???
yeah, make a blog solely dedicated to just that: getting the cash. to sell drugs, you gotta stand on the street corner. and we're addicted... so, show them why they need to invest. >:]
enough of my thunkage... man, i sure wish all the pyrates well. but keep blogger free... for the bloggers.posted by blackholebrain at 1:51 PM on February 2, 2001
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