Not Boring #4: The Upside of Layoffs
Packs, The juxtapositions were entertaining and I learned quite a few thing. Thanks, Mark Kesti
Have you read Jason Brennan’s Why Not Capitalism? A fantastic response to GA Cohen’s Why Not Socialism. Asking because He also uses the Mickey Mouse Clubhouse to explain why capitalism (including creative destruction) is ultimately a positive force; albeit the 2006 animated version.
Ryan Gosling earned a nomination for Best Actor but did not win.
My only critique is that probably a lot of early employees at small non-bullshit startups were also laid off to slow cash burn. I think you're likely to see more people flee to stable employment than try and start a company now given the uncertain fundraising environment. This macro shock doesn't feel like excesses being purged but more like an act of god that shutdown both good and bad businesses indiscriminately. Coronavirus isn't creative destruction, it's wholesale destruction