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Bidenomics: Transitory Inflation, Remarkably Successful on Employment and Growth

braddelong.substack.com
2 points·by sbt·vor 8 Monaten·0 comments

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sbt
·vor 5 Monaten·discuss
"If you mix raisins with turds, they're still turds" - Charlie Munger

Another consequence of US NatSec being gradually privatized is that once your income stream derives mostly from government spending, it becomes an imperative to influence politics to secure that stream. Yet some of these companies will remain vulnerable to shifting political winds.
sbt
·vor 9 Monaten·discuss
> It never made sense to me how such a ruthless and inhumane culture is sustainable in the long run.

It’s pretty simple, actually. Once such a dominant market position is achieved, you can get away with almost anything, whether with customers or employees. This is true of all the BigTech companies.
sbt
·vor 10 Monaten·discuss
This is the correct answer. Consumers also don’t seem willing to pay for privacy, sadly, when they can get a product for «free» in exchange for data.
sbt
·letztes Jahr·discuss
Note that many companies are pretending to hire in order to look successful/growing. They might be willing to hire if some unicorn candidate comes along, but in practice the job ad is just marketing.