When the socio-economic factors kick in
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1I'm actually okay with this.
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33You could always just not shop there, seems easier than creating a two-tier justice system that can't prosecute niggers
A breakdown of law and order turns the economics on its head. Little mom-and-pop shops have Their Ways of dealing with the problem, but Walmart can't take any kind of action for fear of repercussions against the corp.
Look at Hollywood.
Look at landlords in NYC and San Francisco.
Look at every tech company that brings in an Indian CEO, gets their entire staff outsourced, and then ends up with literally nobody in the firm knowing the codebase....
These are people who are supposed to know better and it seems that they're intentionally committing economic suicide - en masse.
The information warfare landscape has just gotten insanely hot. All of the WEF guys are believing this "You will own nothing and you'll be happy" nonsense. A lot of money got poured into bug farming which then went tits up and lost all of the investor money... I'm inclined to think the most likely scenario is that these guys all got OneShotted and they're not really in command of their decisions anymore...
Yes, "should", but FOR SOME REASON, they're very directly acting against their own interests. This is the super weird thing...
There's a Chuck Pahlaniuk novel that covers this (sort of). It ends with the town burning to the ground and the elites all cash out fat insurance policies to keep them afloat for the next generation.
Politicians have no skin in the game and are typically selected as actors. When they sell out their future that's not surprising. When the owners of businesses do, it is.
They did. They do.
It is, because the last thousand years business owners have managed to avoid doing self-evidently stupid shit, and just now they've all lost their marbles and decided to act like morons...
It should be something that's *obviously* dumb, not like where technology changed and up-ended an industry, because in that case it's very rational to think the technology is going to flop - until it doesn't. And it shouldn't be just one company manager going nuts because that has been known to happen from time to time, but what we're seeing here is an entire economy losing their collective minds...
One is enough, I'm not asking a lot. But I need you to explain to me the part where the actual owners of businesses started to make decisions which were obviously detrimental to the future of their business. My knowledge of those events does not include anything like that.
@cjd @Kalogerosstilitis2RevengeoftheJunta @valleur @pepsi_man Of course there was a lot more going in the background than what's recorded officially. But it is a classic example.
Vladimir Lenin left Switzerland and traveled through Germany in April 1917 inside a famous "sealed train" orchestrated by the German government to destabilize the Russian Empire during World War I. Germany's ultimate goal was to spark political chaos in Russia, forcing them to withdraw from the war and freeing up German troops to fight on the Western Front.
Owning property in San Francisco and letting the place go to shambles and your property values go down the toilet has no possible path to "and then we win"...
Someone in this thread, maybe you, described these people as midwits who got lucky.
If you've ever been around homeless and criminals you will run into people who made choices that are inexplicable. The consequences of their choices are obvious but they went ahead anyway. Granted they often are stupid or damaged in some way. But even having a normal or above average intelligence does not seem to protect some people from the exact same self destructive behaviour. It's just built into us.
This is from observation. I can't explain it. Many of us have family member who do this.
Just getting lucky and landing in a big pot of money does not protect you from doing the same.
But the people who run Hollywood, NYC, and SF seem to have lost that knowledge...
If we lived far longer than we do, say with a thousand or five thousand year lifespan, where many of us would have personally known Plato, St. Augustine, Locke and Marx, and all the lessons from and personally experienced political success and failures during that time, we would be a far different species.
But a 70 year lifespan locks us into the same repeated cycle of success and failures over those thousands of years instead. It's innate. It's our curse and destiny.
Everyone acting in his own self-interest can lead to the price of an asset going way beyond what is rational based on supply and demand. However, they're still acting in their own self-interest.
What's happening now, in Hollywood, NYC, San Fran, etc, is people doing things that make no logical sense from the perspective of self-interest - so this is another beast...
I was thinking about it in the sense of rich people and school of fish line of reasoning. Tulips aside, isn't the point that the logical sense goes out the window in any bubble or when certain actors get large enough to unduly influence the market? DEI incentives have been very strong for some time, mainly in the form of GSE-criteria when applying for financing from Blackrock and the like. Considering that there are commissars (DEI-officers etc.) ensuring enough money is wasted, I'd say it's by now at knee jerk reaction level to make decisions that are obviously detrimental to business, ones own or more generally, as long as wahmen, gays, niggers or gayniggers seemingly benefit.
1. Bubbles, in these everyone is acting rationally - because it's rational to think you're gonna buy the thing before it goes up and then sell it to the next guy - and HE's the irrational one... They're tricky because every actor is rational but the net sum is irrational. But they're pretty much the only thing that has this weird emergent irrationality and this is an OOOOOOLD problem.
2. DEI / ESG / Blackrock - indeed, if Blackrock just announces that they're going to give away free money to anyone who shoots themselves in the foot (they're believed to be basically a front for the US Treasury), then people will indeed line up to at least LOOK like they're shooting themselves in the foot.
Perhaps it's possible that the USGOV has it's fingers so deep into every part of the economy that EVERY industry is basically On The Dole, getting money printer cash in exchange for kowtowing to whatever hidden power there is behind the president. If this is it, then surely it isn't THE president, because it has survived multiple changes of administration...
Furthermore, in my experience; modern business has become so warped that instead of growing organically, aspiring entrepreneurs spend a lot more time trying to attract outside capital, rather than developing their product/service and a solid customer base. This means that if they get off the ground the company is already in such a state that they must pursue these loans, lest they get sued, as Henry Ford was in his day.
I mean if taking the deal means you'll be ruined later, then not taking the deal MUST mean you'll (pretty much certainly) be ruined right away.
Interestingly though, Elon has never mentioned any kind of secret offer like this - despite talking a whole lot of shit on his instance... It's reasonably clear that his companies are not "taking the offer", so I'm somewhat inclined to believe his perspective that this is all down to a "mind virus" ... ¯\_(ツ)_/¯
I don't know nearly enough about Elon and his funding to comment, alrhough the mind virus is clearly a factor. Your typical businessman is probably not very susceptible to it. But if you force him to let in a bunch of blue haired crazies to take charge of his HR while also tying his profit directly to the amount of browns in his employ, well, I'd say his immune response will be severely dampened.
A variant of that theory which I've thought of is: They are so overwhelmed with so many holes in the dam that they are no longer able to protect against simple things that seem obvious from the outside...
Do they still own it?