IssueRaiser

This is a sloppy argument that mixes virtue-signaling, cherry-picks anecdotes, and doesn’t address the core topic: is growth always good?

This is a sloppy argument that mixes virtue-signaling, cherry-picks anecdotes, and doesn’t address the core topic: is growth always good? There are many reasons a company might grow. One is that a company, flush with VC funding, effectively gives away money to buy customers and growth. I’m skeptical that there is enough VC money to buy hockey-stick growth, but if I’m incorrect, then the real issue is, “VC money is poisonous to the free-market,” and not that growth is cancerous. The other reason for growth is that a startup is making what people want. People might want it so badly that they will put up with buggy and incomplete products — as long as those products fulfill an unmet need. If what people want is shortsighted (gas guzzling devices?) or just wrong (short selling?), then yes, growth is cancerous. But again, the real issue is “the failure of Governmental regulation against unsafe or unethical products is cancerous.” The problems identified with growth are not essentially about companies. A company that is growing, given proper private and public regulation, is by definition providing more value to the world. So in some sense at least, the article is right — there are more important things than growth, if you simply add an adjective: legitimate growth.

Posted by wildermuthn on Jan 29, 2021, 2:27 PM

Tags

Related issues

Raise real-world problems, find people facing the same issue, and discuss solutions.3,000 issues0 comments

hackernews (Other)

This is a sloppy argument that mixes virtue-signaling, cherry-picks anecdotes, and doesn’t address the core topic: is growth always good?

wildermuthnJan 29, 2021, 2:27 PM

This is a sloppy argument that mixes virtue-signaling, cherry-picks anecdotes, and doesn’t address the core topic: is growth always good? There are many reasons a company might grow. One is that a company, flush with VC funding, effectively gives away money to buy customers and growth. I’m skeptical that there is enough VC money to buy hockey-stick growth, but if I’m incorrect, then the real issue is, “VC money is poisonous to the free-market,” and not that growth is cancerous. The other reason for growth is that a startup is making what people want. People might want it so badly that they will put up with buggy and incomplete products — as long as those products fulfill an unmet need. If what people want is shortsighted (gas guzzling devices?) or just wrong (short selling?), then yes, growth is cancerous. But again, the real issue is “the failure of Governmental regulation against unsafe or unethical products is cancerous.” The problems identified with growth are not essentially about companies. A company that is growing, given proper private and public regulation, is by definition providing more value to the world. So in some sense at least, the article is right — there are more important things than growth, if you simply add an adjective: legitimate growth.

Comments (0)

No comments yet. Start the discussion.

Comment on this issue