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by s3r3nity 2473 days ago
> They aren't doing anything other than using huge sums of money to generate more money.

Isn't that the function of _any_ company in capitalism? (Excluding, possibly, non-profits)
2 comments
webninja 2473 days ago
No. This is rent seeking.

https://en.m.wikipedia.org/wiki/Rent-seeking

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s3r3nity 2473 days ago
I think you're being too literal.

I was referring to a mechanism of taking in investment or capital to generate a return on that investment through some positive generation process (prototypical example: manufacturing.)

But you're technically right: if you're just using money to steal / suck resources away from somewhere else, with no net positive or even a net negative on the whole, then I agree with you.

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amoitnga 2473 days ago
Not necessarily.

Car manufacturers for example. The byproduct of them making money is the fact that cars becoming safer, more efficient, etc. Ultimately, it makes my life better.

I mean. I understand what WeWork is doing, they trying to make money and it's not against the law. All I'm saying is they aren't doing anything good for a regular person, and possibly even will hurt in the long run.

I think that's why ppl hate on them. At least I think that's why I don't root for them to succeed. I just don't see why

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