American venture capitalism ironically creates all of the same authoritarian iss... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		saubeidl 3 months ago \| parent \| context \| favorite \| on: Flock Exposed Its AI-Powered Cameras to the Intern... American venture capitalism ironically creates all of the same authoritarian issues as Chinese state capitalism, but without any of the lifting hundreds of millions of people out of poverty part.

ryandrake 3 months ago [–]

Indeed, American capitalism is designed to lift the already-rich out of mere "rich" into "obscenely rich."

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact