Well, duh? The New Deal replaced by the Big Deal. The corporate pyramid replaces the People's Power. Wilson started it. The public tax system, the Federal Reserve System, the Pay to Play System. 1868, 1871, 14th Amendment, the Dictionary Act. Sovereign Ctizens become federal serfs. Corporations become 'persons.' The murder of Lincoln gave the South its real win. The first Johnson was such a tool, he took, with essentially no emergency brake, back to pre-revolutionary times. Talk is worthless, words are poison. Teddy and FDR did what they could to brake this runaway train, but were too imbedded in the system itself to make the play work. Eugene Debs had the right line of sight, and they jailed him. Wallace had FDR's legacy and ear, and they essentially ghosted him in favor of Truman, who was a patsy for the new corporate industrialists that had seized the means of production to win WW2. Actual citizens to Company Store chattel took just a few decades to implement, the Depression and Dust Bowl tipped the scales back a few years, but Ford and Hearst and Bush and others were determined to run the show their way, lost due to FDR's determination, got it back with Truman, lost it with Ike, undermined Ike and the Dulles Bros. gutted the freshly hatched UN in a few short years. This play is the Old Play Book of monarchical Autocracy, Kings Without Crowns, Grand Inquisitors without Courts other than the Monarchy Court of forever young SCOTUS, now the most corrupt entity among many vessels of corruption. How, pray tell, Corbin, do you suggest we chattel 'claw back' this parasitic Black Hole now equipped with AI?
Great and really thorough descriptive discussion, wow! That said, am not 100% the prescriptive part would work. AI is a bubble to end all bubbles, so owning part of it may not be the best idea ever. Far as government co-steering non-vaporware companies like Intel - two caveats there. One, given the government-big capital/pharma/tech/whatever revolving door, this may only amount to formalizing the already existing situation. Two, what are the experiences of countries that do have state companies like France as to the pros and cons of that approach?
Corbin, I hope you will make contact with Graham Platner. I have suggested to his staff that he connect with you. Your views would be useful to his policy development.
An alternate solution to this is to charge senior executives with RICO violations, seize all their assets, seize the corporation as a criminal organization, and put the executives into a prison's general population. Under NSPM-7, they could be labeled as domestic terrorists pursuing anti-American and anti-capitalist activities and their Privilege of the Writ of Habeas Corpus could be suspended, arguing that they are in rebellion.
We throw around the term "billions" so often that we've forgotten what it really means. A guy or gal with just $100 million in the bank could buy with cash a $5 million home on five continents, a Bugatti, a Ferrari, and a Lamborghini for their garage, and a $10 million wardrobe for themselves and their significant other, and still have $60 million in the bank generating $3.6 million a year.
Elon Musk’s personal fortune, now approaching a trillion dollars, is more than the gross domestic product of all but 21 countries in the world. There are more than a dozen people in this country with personal wealth in excess of $100 billion. The poor schmuck at the bottom of Forbes’ list of the 400 richest people in the U.S. has just $3.8 billion. Simple interest at 6% on a fortune of that size generates almost $230 million a year. Billionaires have fortunes so vast that those who try struggle to give away enough so that they don't keep getting richer.
What do you do with wealth that is vastly more than you need to buy all the creature comforts you could ever want? You spend it on power, and then you spend it on keeping the power you've amassed. The billionaires have already bought the current government, thanks to the Supreme Court’s decision in Citizens United. If by some miracle “the people” can wrest control of the government from them and the billionaires don’t like where things are headed, amassing a drone armory and buying a copy of Mythos would be a rounding error in their bank accounts.
The only solution I see to this problem is not pretty.
The times we are living in. When the richest man in the world is in reality a poor bastard trapped in an echochamber of his own making, A gullible con-man with a white supremacist, climate science-denying worldview, who has played a decisive role in corrupting the 2024 US elections, in promoting far right propaganda and disinformation, in dismantling the USA‘s democratic institutions and foreign aid, and in illegally stealing US citizen’s private data. This is the man with 240+ million followers on his own anti-social media platform, who managed to rig listing rules so that ETFs and index funds automatically purchase those overvalued shares, while allowing his investor buddies an obscene, unethical exit at the expense of common retail investors and pension fund beneficiaries. Let‘s just call this IPO what it is: another shameless act of looting the working class by the billionaire class in broad daylight.
All utilities should be nationalized along with healthcare. Let’s start with that and work downward to find a system that actually works for the people. Capitalism is great in measured doses. This nation is completely out of control.
Well, duh? The New Deal replaced by the Big Deal. The corporate pyramid replaces the People's Power. Wilson started it. The public tax system, the Federal Reserve System, the Pay to Play System. 1868, 1871, 14th Amendment, the Dictionary Act. Sovereign Ctizens become federal serfs. Corporations become 'persons.' The murder of Lincoln gave the South its real win. The first Johnson was such a tool, he took, with essentially no emergency brake, back to pre-revolutionary times. Talk is worthless, words are poison. Teddy and FDR did what they could to brake this runaway train, but were too imbedded in the system itself to make the play work. Eugene Debs had the right line of sight, and they jailed him. Wallace had FDR's legacy and ear, and they essentially ghosted him in favor of Truman, who was a patsy for the new corporate industrialists that had seized the means of production to win WW2. Actual citizens to Company Store chattel took just a few decades to implement, the Depression and Dust Bowl tipped the scales back a few years, but Ford and Hearst and Bush and others were determined to run the show their way, lost due to FDR's determination, got it back with Truman, lost it with Ike, undermined Ike and the Dulles Bros. gutted the freshly hatched UN in a few short years. This play is the Old Play Book of monarchical Autocracy, Kings Without Crowns, Grand Inquisitors without Courts other than the Monarchy Court of forever young SCOTUS, now the most corrupt entity among many vessels of corruption. How, pray tell, Corbin, do you suggest we chattel 'claw back' this parasitic Black Hole now equipped with AI?
;
Great and really thorough descriptive discussion, wow! That said, am not 100% the prescriptive part would work. AI is a bubble to end all bubbles, so owning part of it may not be the best idea ever. Far as government co-steering non-vaporware companies like Intel - two caveats there. One, given the government-big capital/pharma/tech/whatever revolving door, this may only amount to formalizing the already existing situation. Two, what are the experiences of countries that do have state companies like France as to the pros and cons of that approach?
Corbin, I hope you will make contact with Graham Platner. I have suggested to his staff that he connect with you. Your views would be useful to his policy development.
Why do we measure the worth of everything in money?
An alternate solution to this is to charge senior executives with RICO violations, seize all their assets, seize the corporation as a criminal organization, and put the executives into a prison's general population. Under NSPM-7, they could be labeled as domestic terrorists pursuing anti-American and anti-capitalist activities and their Privilege of the Writ of Habeas Corpus could be suspended, arguing that they are in rebellion.
> They were worth about $270 million the week he wired the money
Not quite. On 5/24/2013 TSLA shares were $6.10, so 3 million shares would be worth about $18 million.
We throw around the term "billions" so often that we've forgotten what it really means. A guy or gal with just $100 million in the bank could buy with cash a $5 million home on five continents, a Bugatti, a Ferrari, and a Lamborghini for their garage, and a $10 million wardrobe for themselves and their significant other, and still have $60 million in the bank generating $3.6 million a year.
Elon Musk’s personal fortune, now approaching a trillion dollars, is more than the gross domestic product of all but 21 countries in the world. There are more than a dozen people in this country with personal wealth in excess of $100 billion. The poor schmuck at the bottom of Forbes’ list of the 400 richest people in the U.S. has just $3.8 billion. Simple interest at 6% on a fortune of that size generates almost $230 million a year. Billionaires have fortunes so vast that those who try struggle to give away enough so that they don't keep getting richer.
What do you do with wealth that is vastly more than you need to buy all the creature comforts you could ever want? You spend it on power, and then you spend it on keeping the power you've amassed. The billionaires have already bought the current government, thanks to the Supreme Court’s decision in Citizens United. If by some miracle “the people” can wrest control of the government from them and the billionaires don’t like where things are headed, amassing a drone armory and buying a copy of Mythos would be a rounding error in their bank accounts.
The only solution I see to this problem is not pretty.
The times we are living in. When the richest man in the world is in reality a poor bastard trapped in an echochamber of his own making, A gullible con-man with a white supremacist, climate science-denying worldview, who has played a decisive role in corrupting the 2024 US elections, in promoting far right propaganda and disinformation, in dismantling the USA‘s democratic institutions and foreign aid, and in illegally stealing US citizen’s private data. This is the man with 240+ million followers on his own anti-social media platform, who managed to rig listing rules so that ETFs and index funds automatically purchase those overvalued shares, while allowing his investor buddies an obscene, unethical exit at the expense of common retail investors and pension fund beneficiaries. Let‘s just call this IPO what it is: another shameless act of looting the working class by the billionaire class in broad daylight.
All utilities should be nationalized along with healthcare. Let’s start with that and work downward to find a system that actually works for the people. Capitalism is great in measured doses. This nation is completely out of control.
Anyone who listens to the Bulwark Podcast will be sickened by the philosophy of June 10th’s guest.
Run for President.
He's an ahole.
Wouldn't it be loverly!!!!