Meta Is Dying. It's About Time(www.nytimes.com)
13 pointsby flowerlad2 hours ago2 comments
  • hdhdhsjsbdhan hour ago
    When you look at the eye-watering amount of money that Zuckerberg has spent on false starts in the past ~10 years, it makes you wonder whether capitalism truly does produce the most efficient allocation of resources.

    Granted, a lot of that money created jobs for white collar workers, which feeds into other parts of the economy. But is it really more efficient to allocate those resources toward enriching a small group of Alexandr Wangs than allocating it toward projects like infrastructure, modernizing energy production, building housing, etc?

    • pinewurst21 minutes ago
      Can one draw that general conclusion from the thrashings about of a single, once lucky sociopath? I’ll argue that it’s the gained credibility of success that gives Zuckerberg this kind of leeway. I could argue that the economic history of the Soviet Union is a persuasive disproof of socialist efficiency. :)