They fund the universities through debt in the form of student loans. The schools then funnel indebted graduates desperate for financial security into various industries where their human capital is securitized. You can call that laissez-faire, but I see a lot of similarities with China’s top down system and predict those similarities to increase as we are forced to compete with China more directly.
Homelessness is obviously increasing though it’s difficult to measure with precision. Homelessness is worse than poverty and homeless aren’t even counted in official poverty calculations. The census can’t sample them.
It shows about a 12% drop in homeless people 2007-2019. The US population overall grew just under 10%, too, so the drop on a per capita basis is higher than that. I imagine 2020 led to a large increase again, though. I also can't vet their sources without registering so take it with a grain of salt.
As someone who doesn't live on the west coast and rarely interacts with homeless people, could you explain how this is "obvious" if there's no measure of it?
Many live in daily terror of becoming homeless or worse. I feel like social isolation matters more than wealth in making people feel secure. Many homeless people had money, good jobs, education, but most lacked community. Some say they find a family on the streets, for better or worse. It’s not all social, neither is it all financial.
Your point is that everyone who buys or sells assets is implicitly amoral? That seems a bit extreme though you are not the first to say it. One wonders how you can escape such condemnation yourself. Everything is a marketplace in some sense.
Anybody that doesn’t know the code their device is running is a fool to trust it by default. Even knowing the code well, devices are compromised all the time. Yours seems like the lone sane opinion here.
We don't know the code of HN but we trust it because we can see the inputs, outputs, and trust the admins running it. A lot of people trust Google/Apple for the same reason to keep their devices secure but are aware that they might need to stay up-to-date and give up freedom [to install unverified apps] to achieve that security.
HN also does not have a microphone sitting here for me constantly listening for me to say "OK HN, post response". It is running as a pull HTTP connection in a sandboxed browser. I do not need to imply any trust in them provided they don't have some zero day exploit running to escape my browser and hijack my system.
Just as if my location/microphone were able to be physically turned off on my phone I would not have to trust that someone isn't always listening in on me. If I can't do that it is not unreasonable not to trust it. There have been plenty of instances of these things being abused.
Like stocks, you can buy ideas “low” and sell them “high.” Some ideas are cyclical too, AI, mainframes/cloud, etc... And this extends beyond tech for instance “equity” is currently hot but that may be short lived which is unfortunate.
