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  • Interesting Take from a VC guy

    From ScottW@21:1/5 to All on Sun Mar 5 19:00:52 2023
    “The prices of education, health care, and housing as well as anything provided or controlled by the government are going to the moon, even as those sectors are technologically stagnant,” he notes.

    What’s more, very little is being done to address this problem, he writes: “We are heading into a world where a flat screen TV that covers your entire wall costs $100, and a four year college degree costs $1 million, and nobody has anything even
    resembling a proposal on how to systemically fix this.”

    Over time, he adds, the prices of regulated, non-technological products rise, while the prices of less regulated, technologically-powered products fall.

    “Which eats the economy? The regulated sectors continuously grow as a percentage of GDP; the less regulated sectors shrink,” he writes. “At the limit, 99% of the economy will be the regulated, non-technological sectors, which is precisely where we
    are headed.”

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to ScottW on Sun Mar 5 21:44:26 2023
    On Sunday, March 5, 2023 at 10:00:54 PM UTC-5, ScottW wrote:
    “The prices of education, health care, and housing as well as anything provided or controlled by the government are going to the moon, even as those sectors are technologically stagnant,” he notes.

    What’s more, very little is being done to address this problem, he writes: “We are heading into a world where a flat screen TV that covers your entire wall costs $100, and a four year college degree costs $1 million, and nobody has anything even
    resembling a proposal on how to systemically fix this.”

    Over time, he adds, the prices of regulated, non-technological products rise, while the prices of less regulated, technologically-powered products fall.

    “Which eats the economy? The regulated sectors continuously grow as a percentage of GDP; the less regulated sectors shrink,” he writes. “At the limit, 99% of the economy will be the regulated, non-technological sectors, which is precisely where
    we are headed.”

    ScottW


    What does the Viet Cong have to do with this?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to Art Sackman on Mon Mar 6 21:25:44 2023
    On Sunday, March 5, 2023 at 9:44:27 PM UTC-8, Art Sackman wrote:
    On Sunday, March 5, 2023 at 10:00:54 PM UTC-5, ScottW wrote:
    “The prices of education, health care, and housing as well as anything provided or controlled by the government are going to the moon, even as those sectors are technologically stagnant,” he notes.

    What’s more, very little is being done to address this problem, he writes: “We are heading into a world where a flat screen TV that covers your entire wall costs $100, and a four year college degree costs $1 million, and nobody has anything even
    resembling a proposal on how to systemically fix this.”

    Over time, he adds, the prices of regulated, non-technological products rise, while the prices of less regulated, technologically-powered products fall.

    “Which eats the economy? The regulated sectors continuously grow as a percentage of GDP; the less regulated sectors shrink,” he writes. “At the limit, 99% of the economy will be the regulated, non-technological sectors, which is precisely where
    we are headed.”

    ScottW
    What does the Viet Cong have to do with this?

    They all became Venture Capitalists.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)