alt Hacker NewsThis is the caricature of Silicon Valley made real. It doesn't matter how much money Liu had, it isn't enough. It will never be enough. The entire culture is fixated on maximizing growth. Whether that's growth of the corporation or growth of one's own wealth. The Reagan-era "greed is good" thing never really died here (among other places).
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> The Reagan-era "greed is good" thing never really died here (among other places).
"Greed is good" is the MO everywhere on the planet now. Everyone I know in EU is trying to cash in as much as they can while the going is still good because they feel the ladder constantly being pulled from them (layoffs and wage stagnation everywhere, housing costs massively outpacing wage growth, etc). Either from scamming their company or from scamming the government and welfare system.
And the compound the issue, the government trying to "fix" this only makes things worse as they just add more taxes on the honest working class people in their quest to tax "the rich" and give to the poor, which is only a populist measure for votes, nothing that actually fixes the problem since none of the globalist robber barons are affected by such policies as all their wealth is tied in a network of international foundations, charities, trust funds, etc. so when you add a 3 Euro tax on Aliexpress items, you're only gonna hurt the guy trying to repair his TV and washing machine, not the real estate magnate living in Monaco.
I don't think we can escape this downward spiral in any peaceful and democratic way. That's probably why the EU is pushing all these privacy invading laws lately, to catch and crush any public uprisings before they happen.
Greed is good works a lot better than everybody gets the same compensation regardless.