[HN Gopher] America Has Central Planners - We Just Call Them 'Ve...
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       America Has Central Planners - We Just Call Them 'Venture
       Capitalists.'
        
       Author : edward
       Score  : 10 points
       Date   : 2022-09-21 21:23 UTC (1 hours ago)
        
 (HTM) web link (nymag.com)
 (TXT) w3m dump (nymag.com)
        
       | aeternum wrote:
       | Articles like this often overlook the concentration of power that
       | exists within central planning.
       | 
       | VCs must generally choose companies that can ultimately attract
       | public investors to make a profit. They must also answer to LPs,
       | convince company leadership to take their investment terms, and
       | must follow government regulation. All this while competing with
       | the many other VCs out there.
       | 
       | That naturally results in many more checks and balances (and thus
       | less concentrated power) than is typically wielded by central
       | planners.
        
       | blueyes wrote:
       | Dumb article with a dumb headline, which shows no understanding
       | of what central planners are or the authoritarian systems from
       | which they arise.
       | 
       | They're using Wework as a whipping boy, and pointing at Softbank
       | as a typical VC, although Softbank, even its Vision Fund, is
       | really more like private equity.
        
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       (page generated 2022-09-21 23:02 UTC)