venn intersection of the faffery and the fuckery. views suppressed are my own. these are not my real thoughts.
Namsayin from Ajangbadi
Joined February 2009
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The great tech backtrack has begun
Chamath Palihapitiya admits his blind spot on America's broken two-tier economy
PALIHAPITIYA: "I got it totally totally totally wrong. I got it totally wong."
"I'll go through all the ways in which I got it wrong, but I just want to first acknowledge what my blind spot is. Like most people's blind spots, but I can just speak for myself, it is through the lens of my own lived experience and very narrowly what is in my best interests. And I think what we had was a move away from the culture wars that was very much in my best interest, but I think it was in everybody else's best interests as well. I don't think that was on the ballot. But what I don't think I understood clearly enough, and I think that this election has made extremely clear, is that since COVID, we have moved past political ideology. And I want to say this again: I do not think Democrats or Republicans matter. That is my real takeaway after this election. There is a central block of people that vote the prescient issues of our time."
"It was a gargantuan win for Biden, then it was a gargantuan win for Trump, and then it was a gargantuan win for the Democrats in these midterms. What are these people voting for? I think what they are shouting now—they were trying to signal and now they are shouting—is a broad-based belief that the economy has completely decoupled from reality and is broken. The economic reality in America is broken."
"There is a small percentage of people, the four of us on this pod and all of our friends, who are the asset owners of America. And we have benefited in every weather condition. When rates were zero, we benefited because we were able to build our businesses with very cheap capital. When rates were high, we benefited because we had pricing power. And in every condition in between, whether there were tariffs, whether there were not tariffs, whether there were subsidies, whether there were not subsidies, we've all managed to continue to accumulate and grow assets, but we are few and far between."
"And then there's everybody else who are wage earners, and the structural capacity of the American economy to support and grow wage earners is broken. It's clear. Why do I say that? I do not think, and I disagree with Freeberg, I don't think this has anything to do with socialism. I don't think the far left won particularly more than they were expected. I don't think the far right won particularly more than was expected. This is a complete and total repudiation about the state of the economy. The economy is broken. I have a few charts to support my point of view. Number one, if this was ideological and if ideology mattered, money in politics would have had a more direct impact on the election."
AI Le Claire retweeted
This is literally a VEEP plotline. Like I'm not even kidding. This nearly, bar for bar, the a B-plot from the VEEP episode "New Hampshire" (S3, E10).
Medicine after death no dey work for afterlife
Ron DeSantis explains why the GOP "screaming socialism" doesn't work anymore:
"Young people have a very positive view of socialism compared to capitalism. The question is, why is that? Some of it is the education in our universities. But I think a big part of that is, what they're comparing is not free enterprise versus socialism. What they're comparing is how government gets involved in business, and you have crony capitalism. The best kind of indirect supporters of socialism are some of these corporatist republicans who propagate these crony policies. The average person is seeing that and saying, 'Wait a minute, you're trying to bend the government to funnel benefits to this corporation or that industry. What about having a competitive market? ... Young people really aren't seeing that. They're seeing just a handful of companies that have an outsized influence on our economy and on our society"
