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.
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
That's a very solid critique and one of the things I wrestled with. Certainly plenty of good companies have laid off excellent people in meaningful roles.
I think flight to stable employment will be a very popular choice too, and by volume, it should be. Not everyone can or should be a founder out of this, and big and stable is a good alternative. There will be good that comes out of it too, though, and a big group of people who use this opportunity to realize that their job safety was an illusion, their job was bullshit, and they can do better.
Fingers crossed that it's creative destruction and not wholesale destruction. Time will tell.
Packs, The juxtapositions were entertaining and I learned quite a few thing. Thanks, Mark Kesti
Thanks, Mark! Glad you enjoyed it.
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
That's a very solid critique and one of the things I wrestled with. Certainly plenty of good companies have laid off excellent people in meaningful roles.
I think flight to stable employment will be a very popular choice too, and by volume, it should be. Not everyone can or should be a founder out of this, and big and stable is a good alternative. There will be good that comes out of it too, though, and a big group of people who use this opportunity to realize that their job safety was an illusion, their job was bullshit, and they can do better.
Fingers crossed that it's creative destruction and not wholesale destruction. Time will tell.