This weekly roundup thread is intended for all culture war posts. 'Culture war' is vaguely defined, but it basically means controversial issues that fall along set tribal lines. Arguments over culture war issues generate a lot of heat and little light, and few deeply entrenched people ever change their minds. This thread is for voicing opinions and analyzing the state of the discussion while trying to optimize for light over heat.
Optimistically, we think that engaging with people you disagree with is worth your time, and so is being nice! Pessimistically, there are many dynamics that can lead discussions on Culture War topics to become unproductive. There's a human tendency to divide along tribal lines, praising your ingroup and vilifying your outgroup - and if you think you find it easy to criticize your ingroup, then it may be that your outgroup is not who you think it is. Extremists with opposing positions can feed off each other, highlighting each other's worst points to justify their own angry rhetoric, which becomes in turn a new example of bad behavior for the other side to highlight.
We would like to avoid these negative dynamics. Accordingly, we ask that you do not use this thread for waging the Culture War. Examples of waging the Culture War:
-
Shaming.
-
Attempting to 'build consensus' or enforce ideological conformity.
-
Making sweeping generalizations to vilify a group you dislike.
-
Recruiting for a cause.
-
Posting links that could be summarized as 'Boo outgroup!' Basically, if your content is 'Can you believe what Those People did this week?' then you should either refrain from posting, or do some very patient work to contextualize and/or steel-man the relevant viewpoint.
In general, you should argue to understand, not to win. This thread is not territory to be claimed by one group or another; indeed, the aim is to have many different viewpoints represented here. Thus, we also ask that you follow some guidelines:
-
Speak plainly. Avoid sarcasm and mockery. When disagreeing with someone, state your objections explicitly.
-
Be as precise and charitable as you can. Don't paraphrase unflatteringly.
-
Don't imply that someone said something they did not say, even if you think it follows from what they said.
-
Write like everyone is reading and you want them to be included in the discussion.
On an ad hoc basis, the mods will try to compile a list of the best posts/comments from the previous week, posted in Quality Contribution threads and archived at /r/TheThread. You may nominate a comment for this list by clicking on 'report' at the bottom of the post and typing 'Actually a quality contribution' as the report reason.
Jump in the discussion.
No email address required.
Notes -
It's to fleece people that @jeroboam is "helping" with this "it's EZ to buy a business" nonsense.
The macro theory that retiring Boomer's are selling profitable businesses is true. But the devil is always in the details. There are toxic pills in so many of these businesses and, because markets eventually optimize to information, there are emerging small / micro PE firms that will blow you out of the water because they don't need to finance the way a solo-preneur does. It's a similar formula to what has happened in housing - it's not that you're competing on buying a house with another young couple, it's that BlackRock is coming to town with all cash offers sight unseen 10% above asking.
Again, it's about risk and number of opportunities. There are numbers aplenty for "1 out of every 10 startups" makes it. Fine. I want to see numbers for "of people who started a business 1/2/3/4+ times, here's how they make out"
We shouldn't shy away from risk and failure as a country. We should encourage it. The real evil of MegaCorp jobs is they slow feed you a median outcome when, if it were possible to weather some storms a little better, you might eventually catch a wave.
Color me skeptical. While PE is rolling up certain kinds of businesses, they are not buying landscaping and tire repair shops at the $1 million level. They aren't going to buy anything that depends on the sweat equity of the owner.
Financing as a solo-preneur is not prohibitive. There are SBA loans. There is seller financing. You can do it for 10-20% down, maybe less.
It's not "EZ" nor did I claim it was. That's why people don't do it. Most people would rather earn W2 income where someone else has all the responsibility and they just show up and drone.
More options
Context Copy link
More options
Context Copy link