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mayhemducks | 1 month ago
Saying that it doesn't matter if the stock market crashes because in the long run, the technology will create more economic value to make up for it certainly reveals the age and/or financial position of the author! When the market crashes, some people will not be able to retire, and will become a financial burden to their families. Why is this okay?
The market is a tool that has been used to socialize losses. For people who still have a lot of life left to live, the chances of recovery are much higher. For others, it's pretty terrifying.
Yes, advancements in technology often lead to significant economic gains, and we should therefore pursue them. But to say that we should pursue them regardless of the risks is shortsighted and irresponsible.
antirez|1 month ago
simonw|1 month ago
That's not saying that it's OK for the market to crash. It's saying that whether the market crashes or not won't change the fact that "Programming changed forever, anyway" - so don't use "this is a bubble and will all crash soon" as an excuse to not learn how to use these new tools.
mayhemducks|1 month ago