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Comment by markus_zhang | Hacker News Reader

Why? Private capital especially VC is in general bad for humanity in this late stage of Capitalism. I have no doubt of that.

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No, what is bad for humanity is excessive consumerism, and other traits linked to human flaws. I have doubts on everything.

Private capital or private equity firms? Private capital would refer to owning stuff in general no?

The irony.

Every year gets better and better. We have rockets landing on chopsticks and designer vaccines. I wish I could live longer to see where we're going - all the excitement lies ahead of us, and every year is more interesting than the last.

Now, imagine living in Victorian era: electic lights instead of gas and candles, electric motors, engines, trains, steam ships, the refrigerator, the telegraph, the microscope, microbiology and germ theory, sanitation reforms, first anaesthetics, first X-rays.

If you're trying to make a statement about the number of transformative discoveries or the rate of change, I'd disagree.

While progress might appear slower, it's because the low hanging fruit have been plucked and we're working on much harder things.

Autonomous helicopters on Mars and giant 45 degree Kelvin mirrors at LaGrange points are harder than plumbing. Nevermind EUV lithography. Or the previously mentioned rapid drug development.

It's pretty remarkable how far we've come in just the last ten years.

Even the stupid things like endless on-demand entertainment are great. And travel, communication, keeping memories, live entertainment. They didn't have drone shows or voice changing VRChat VTubers.

I'd prefer to live in today's world over the Victorian era. And the coming generations will have it even better.

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