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Comment by thiago_fm | Hacker News Reader

That's why FED should stop the money printing press and let the chips fall where they may.

I've been for a long time waiting for that crisis to pop up and I go back to my community to try something new, not as an employee but as an employer.

Many other software devs shared common concerns with me, like that it isn't worth to drop the ball now that salaries are sky high.

I think a recession would definitely annoy people, but like when it rains, it would clean up a lot of things. Too many zombie companies going on, big tech getting so much money as it seems the only thing that will stick around post-crisis.

We need to shed the tears before there is progress. Can't keep holding this thing on forever.

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> I think a recession would definitely annoy people, but like when it rains, it would clean up a lot of things. Too many zombie companies going on, big tech getting so much money as it seems the only thing that will stick around post-crisis.

Annoy people is a funny way to describe poverty.

Poverty can only be really fixed by tackling poverty. In a country where discussing universal healthcare and basic needs coverage is a considered extreme leftist ideas. I am not impressed that people are worried about recession and the life of the poor.

Sure, in a recession, Elon Musk might get poorer, but it isn't the same kind of poverty that affects the poor.

If US wants to tackle it properly, first solve the initial issues. It is possible to have a recession where poor people aren't the ones most affected, it's all a matter of approving policies, laws and really looking after the poor.

A recession where some rich people that took more risk than they should and get punished isn't bad. What is bad is workers depending so much on their employers to survive. Well, in the US that would get tagged as communism.

Best regards from Germany.

I wish you didn't get voted down so much. From a Eurocentric perspective, your words make perfect sense.

This is a poor characterization of the issues in the US.

(a) We have universal healthcare for those without income: Medicaid.

(b) We have universal healthcare for those over 65: Medicare.

(c) Discussing healthcare reform is not considered "far left," there is significant debate about how to do this and how to pay for it across the spectrum. So far relatively left politicians have gotten the most airtime about this, but it is discussed broadly.

Your note reads as snarky and condescending, and then you signed it "Best regards from Germany," which just confirms this is a drive-by European comment.

When it comes to countries that aren't your own, my recommendation would be to ask questions and seek to understand rather than to casually cast judgment.

As a final note, please consider that the US is not analogous to Germany. California is analogous to Germany. The US is analogous to the EU. From my reading of international news, it appears that it's more difficult to work out things at the EU-level than it is at the level of an individual nation. That's useful to keep in mind when attempting to make comparisons between the two regions.

> please consider that the US is not analogous to Germany. California is analogous to Germany.

That statement is not true at all.

I give you that California has about half of Germanys population, but it is not a country. California is a State. Germany is a country and the membership in a political union like the EU does not make it a state.

The population is not a match, but States in the US are by design far more autonomous than "provinces" in other countries. When the original 13 states formed the US they thought of it much in the same terms that member states of the EU think of themselves today - not an identical arrangement, but very similar in spirit.

California (and the other US States) have their own labor laws, their own environmental standards, their own transportation and energy departments, their own distinct safety net programs, even their own militaries! (aka the "national" guard)!

Further, the Federal Government is specifically limited via the 10th Amendment to only those powers which are enumerated to it. By default, legal power is held by the states, not the federal government. This is very unusual.

Every "country" has a different mix of systems and different degrees of local autonomy, but US States are at the very high end of local authority while the federal government is at the low end. Thus, comparing some European nation to the US Federal Government is often misleading as it implies that the US federal government even has the power to do things that a European nation can do, which is frequently not the case, or else is greatly complicated by needing state participation and approval.

Germany is a Federal Republic and so is the USA. Germany has states as well.

I grant you that they are different forms of federal republic, but the point that California is not a country stays the same.

I don't care what kind of power the federal government of the United States has or doesn't have. That is a problem for the US to figure out for themselves.

I don't think that when people compare European nations to the US that they are speaking about the US federal government specifically or imply anything about the power of the US federal government. What is more likely is that they are asking why the people of the USA have not archived what people of other countries take for granted. The fact that this would have to be archived via state or federal government is a detail at best.

If you want to enact political change then the legal structure of the government is most definitely not a “detail at best.” Consider gun rights, for example. Due to the Second Amendment, every level of the US government is greatly limited in its ability to enact gun control. To change this requires not a mere majority vote in congress, nor even a supermajority in the senate, but a constitutional amendment which much clear both houses of congress AND be ratified by 3/4 of the states!

These details matter, and they are important specifically when talking about public policy matters and trying to advocate for change.

Back to my original point, there is nothing stopping any US state from adopting universal healthcare, but it’s not clear if the federal government even could if it wanted to (see Medicare expansion and how many states have chosen not to opt in!). Thus if you want to make comparisons to the “things that Europeans take for granted,” it is often more productive to look at what individual US states do and can do, rather than obsess over the federal government. Trivializing that is just a road to getting nothing done.

From his argumentation it is clear that he lacks geography knowledge at all. Beginning with this, it is hard to discuss.

Geography isn't even consistently taught in the US. Americans don't seem to care about it, they are busy eating their donuts and sipping their mountain dews, despite having a huge GDP and $ per capita... a declining age expectancy that matches third world countries.

> (a) We have universal healthcare for those without income: Medicaid.

There are tens of millions of people who are eligible for Medicaid under the ACA, but they live in states that never expanded Medicaid under the ACA so they can't sign up for it.

Also, if someone makes more than $12k to $17k a year as an individual in a state that expanded Medicaid, they're no longer eligible for Medicaid.

Yes, which is why I only claimed that we do have care for people without income. re: states not opting in, I couldn’t agree more, hence my emphasis on State-level action being more important than federal when discussing US domestic policies.

> (a) We have universal healthcare for those without income: Medicaid.

> (b) We have universal healthcare for those over 65: Medicare.

In varying ways, both of these programs have large gaps and do not achieve "universal" coverage for the groups they claim to be for.

For instance, when it comes to Medicaid, there is a lack of actual, physical access to care facilities for those without transportation options or a lack of ability to take sick time at work. Many rural areas have severe doctor shortages. There are many others.

> (c) Discussing healthcare reform is not considered "far left," there is significant debate about how to do this and how to pay for it across the spectrum. So far relatively left politicians have gotten the most airtime about this, but it is discussed broadly.

US pays more than most European countries do for healthcare on almost any comparable measure, per-capita, adjusted for life expectancy / outcomes, and many others. Switching to a multi-payer system with basically a variant of a public option, ironically similar to what Germany and a few other European countries have, seems like a pragmatic short-term choice. Unfortunately this isn't a popular solution on either side of the aisle.

That "universal healthcare" existing in the US doesn't work and for many Americans that rely upon it is hell. The whole system is extremely inefficient and expensive. Go read on that and you'll see it is a concept so wrong that even third world countries have better health care than the US.

No, the US isn't analogous to the EU. You don't live in the only federalist country in the world.

Your comment can only make me believe you have had a horrible geography education, my only advice is to try to fix it. Learn about the political systems that exist in the world, the countries, their GDPs and peculiarities about their land. Otherwise it is pointless to discuss.

Germany...a country with one of the highest levels of wealth inequality in the world (roughly equal to the US). With median net household wealth below Greece, and one of the highest proportion of billionaires in the world. Endemic corporate corruption, low competition, non-existent regulation, weak unions...people in glass houses.

Also, the US has one of the largest public healthcare systems in the world. Comparisons are slightly complicated but, as a % of GDP, it is roughly the same size as Germany (on a tax base a fraction of the size). The only nation in Europe that actually has a larger public health sector than the US is Sweden.

Work is the only way to lift people out of poverty. Germany is a self-evident example of this: the economy revolves around large corporations who are heavily protected by competition from govt. I would bet on the competitive American model that can renew itself every time over the corporatist model that protects wealthy industrialists in exchange for meagre handouts to the poors. The US tax system is a great example of the potential of redistribution (particularly, property taxes...an area of notable weakness in Germany).

Perhaps back it up with data, because everything you have written is wrong. From the wealth inequality to the redistribution of wealth.

Google for the IMF and Germany inequality. They have written several reports on this because German inequality is the main source of financial stability globally (in addition to the Netherlands, this was China a few years ago but China has modified their position).

IMF has a very american centric view and if you understand what it has been doing to the world, mainly third world countries, you would really question all its authority on anything.

Come to Germany and see if it is really unequal with your eyes. :-)

You are assuming that printed money benefit the poor.

This is possible in theory, but it does really look like it's not happening on the US.

> I've been for a long time waiting for that crisis to pop up and I go back to my community to try something new, not as an employee but as an employer.

If anything, the current environment makes it more attractive to start a company, not less. Investment money is cheap and plentiful. Businesses and customers have plenty of money to spend on your products. Risk tolerance is high, so customers are less afraid to take a chance on your unproven business.

And if all else fails, you can walk right back into a hot job market and pick up where you left off.

All of those traits are reversed in an economic crisis. The idea that a crisis spurs people to take entrepreneurial risk or fosters entrepreneurial success is backwards. Now is just about the optimal time to start a software business, if there ever was one.

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