Hacker News new | ask | show | jobs
by heavyset_go 1534 days ago
Allocating capital through the whims of equity investors is inherently undemocratic.
3 comments

So let me get this straight, you want me to give you money so that you can build and run a business, and you also want me to have no control over how that money is used, and for me to get no benefit from the whole thing?

Why would I give you my money?

How would you see it allocated instead?
Democracy means representing the will of the people. Do democratic processes produce better outcomes? Because the last 10 years of America would seem to indicate polling for the collective will is no promise of good outcomes.