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Cake day: November 8th, 2024

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  • rational_lib@lemmy.worldtomemes@lemmy.worldWe're RIGHT HERE :(
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    4 days ago

    There was a time when the US was as colonialist as China, but in the 20th century it let the Philippines go, and passed on turning Germany and Japan into colonies, and let the Panama Canal go back to Panama. There’s an analogy to Hong Kong in there somewhere, or with North Korea which remains a totalitarian puppet of China to this day.

    The US is far from perfect, but they’re not China. Not even close.






  • It’s not necessarily political, wall street can be very clueless about technology. They all seem to believe they can judge the potential of just about any company, no matter how complex the industry, by merely watching a video of the CEO speaking and judging how smart they sound. Perceived potential can also be self-reinforcing because the more prominent a business figure gets, the more wall street reporters and influencers want to be associated with them - so they’re careful to only praise them and not piss them off. So they can easily be duped by an Elizabeth Holmes/Adam Neumann type who has a strong voice and even stronger connections and promises the moon for a small investment.

    Musk’s key innovation was taking that a step further and promising them Mars.