[HN Gopher] Bankruptcies are exploding across the economy
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       Bankruptcies are exploding across the economy
        
       Author : zerosizedweasle
       Score  : 8 points
       Date   : 2025-12-27 22:18 UTC (42 minutes ago)
        
 (HTM) web link (www.businessinsider.com)
 (TXT) w3m dump (www.businessinsider.com)
        
       | varispeed wrote:
       | Theory is that highly skilled people (e.g. capable of creating
       | functioning business) are too valuable for big corporations. They
       | are building their own wealth, instead of corporate
       | shareholder's. Governments in the West are lobbied to crush SMEs
       | and force small business owners into corporate slavery. Once you
       | no longer can run your own business and run out of money, you
       | will have no choice but accept a job at corporations for peanuts.
        
         | RealityVoid wrote:
         | I think it's a silly conspiracy, but, even if it were, this
         | kind of supression would not be possible to be done by the
         | corporations themselves. They're simply too big and too
         | incompetent because of the org overhead to orchestrate such a
         | thing. The state being co opted on the other hand might be
         | capable of doing this on their behalf. I could believe that.
         | (but I don't it's just silly)
        
         | immibis wrote:
         | Another hypothesis:
         | 
         | Also on the front page right now is something about
         | postmodernist deconstruction, where it's asserted that decades
         | of academics talking to academics for validation have created
         | an inbred dialect of jargon which is incomprehensible to almost
         | everyone and doesn't mean a whole lot (though it does have
         | meaning). https://news.ycombinator.com/item?id=46405288
         | 
         | Could it not simply be that the control structures of our
         | economy also spent too long chasing validation from each other,
         | developing an inbred language and inbred success metrics,
         | instead of objectively-measured value creation?
         | 
         | In fact globally-recognized money forces even people who
         | recognize this is a bad system to still participate in it and
         | chase inbred success metrics instead of actual value creation.
         | It turns subjective metrics into actual wealth. It doesn't
         | matter that you created a semiconductor fab in your garage -
         | the person who convinced the right people they were about to
         | create AGI got a lot more money - enough to buy a real
         | semiconductor fab.
        
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       (page generated 2025-12-27 23:01 UTC)