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Comment Re:Millionaires are leaving the UK in droves (Score 1) 76

You don't think policies like VAT on private school fees and pushing up business taxes instead of personal ones play well with the typical Labour voter?

They're cratering in the polls anyway for a host of other reasons, and I suspect Starmer is already toast anyway for a host of other reasons (though it's significantly harder in practice for Labour to replace a leader they're not happy with than it is for the Tories), but I don't think it's unreasonable to suggest that some of these policies are being chosen because of their political alignment.

Comment Re:Millionaires are leaving the UK in droves (Score 0) 76

They appear to be playing heavily on the politics of envy. Look at some of their education policies, for example, or the way they treat small businesses and the people who run them. They don't seem to want to pull up the less fortunate if they can be busy pulling down the more fortunate. It's not a good look if you actually want a successful economy, but it plays well to their base.

I agree with you that they seem to be all over the place in policy generally, and after trying to give them a fair chance in the early months, I now have a fairly low opinion of them (with the odd exception in Cabinet who does actually appear to be at least recognising the real problems and trying to do something about them, which I can respect even while thinking little of their party politicians and government as a whole).

You're right about the investment culture as well, but presumably if we're talking about entrepreneurs who have already been successful and are looking to move elsewhere, that's of limited relevance unless they're planning to start at least one more business after they arrive, so in this particular debate, I doubt that is such a major issue.

Comment Re:Millionaires are leaving the UK in droves (Score 1) 76

While we're hardly Russia, our democratic and stabilisation credentials are looking more shaky than ever as well. Our electoral system produces results very far from proportional. One of our two traditional main political parties is now essentially irrelevant. The other, which currently holds power, is breaking all the wrong records and is widely expected to suffer severe losses at the next election already, barely a year into their term. Waiting in the wings (and currently leading by a very wide margin in the polls) is the nascent far right populist party that has become the default protest vote. It looks scarily like that party might actually be pulling so far ahead (whether thanks to their own merits or, like the present incumbents before the last election, because the government of the day is so unpopular) that even with the usual reversion towards traditional voting patterns when a real election happens, they might still win. And the prospects of what happens next in that timeline are truly terrifying, particularly for anyone who isn't a white British citizen from birth.

Comment Re:Millionaires are leaving the UK in droves (Score -1, Troll) 76

As a Brit, I was surprised to see the UK as a destination of choice.

The current Labour government here often seems to be criticised for being ideological and not pragmatic. In particular, they seem to prefer policies that tax "the rich" and businesses in one way or another, yet not large, relatively wealthy groups like pensioners or the homeowners who have lucked out and now live in a million-plus property that most younger people will never be able to afford.

There's also quite a lot of red tape for businesses here, maybe not compared to some of our neighbours in Europe, but certainly compared to places like the US and probably parts of Asia too.

Obviously some of this is politics and maybe the policies are not so surprising coming from a party that in theory represents the working class. However, it is surprising that entrepreneurs would be attracted to a culture like this at a time when we expect to have this government for another four years still.

Comment Re:Just demonstrates that valuations are nonsense (Score 2) 49

It's like there are at least two layers of funny money accounting going on here.

First, you have the strange way that people equate market cap with value. There's no guarantee that holding shares with a current market value of $X will eventually return $X or more in dividend payments plus maybe some eventual disposal of assets, and these are usually the only tangible values involved. A market cap based on ludicrously high P/E ratio will be high, but trading those shares is like trading Bitcoin: it starts to look more like a Ponzi scheme than a genuine value-based investment.

Second, even the market cap is mostly theoretical here, because any shares held can't be freely traded on an open market. The asset is almost completely illiquid other than occasional anomalies like the secondary sale we're talking about. The first IPO of an AI unicorn could be the pin that bursts the bubble.

It's the difference between being one of the AI unicorns that doesn't actually make any real profit yet and is largely funded based on hype and hope, and being a supplier like Nvidia that is actually being paid real money (funded by all the AI investment) and has a P/E ratio that is high but not off-the-charts stupid.

Comment Re:Bad title (Score 1) 75

The title is very misleading.

The maintainers were not "kicked off GitHub" - GitHub had no part in this, and the maintainers still have access to GitHub.

The maintainers were removed from a private organisation and its repos by the organisation owner.

No, that's not true - at least, according to those involved (I have no way of verifying): the GitHub repos did not belong to the organisation - the organisation decided that it wanted to own them, so it persuaded someone who had sufficient access to give them the access and remove it from the people who did legitimately own them.

Comment Re:Stealth (Score 1) 57

This ain't the early Cold War anymore. While there are certainly some super-secret weapons platforms out there, a lot of military capability is deliberately communicated and even put on display because it deters conflict.

When the Soviet Union fell the Pentagon's priorities shifted from "World War 3 against the USSR" to "wars against countries with marginally effective air forces." So when the B-2 came online, it served the Pentagon's mission better to show it off. "Look at our invisible bomber. You really think crossing us is a good idea? Be a shame of bombs just fell out of an empty sky on you without any warning whatsoever."

China wants the US to know that it can launch stealth aircraft off of its carriers because that allows it to use its carriers to assert control of the Eastern Pacific. China doesn't regard war with the United States as inevitable. Consequently, it's interested in convincing the United States that a war in the Pacific isn't worth fighting. That means eroding American confidence in American strategic and technological dominance so Americans know that a conflict with China will be costly.

This is targeted directly at American isolationists: "do you really want your kid to die for Taiwan?"

Comment Re:For now (Score 2) 119

As a historian the only caveat I'd advise there is that we are unlikely to see a long, drawn-out slog like WW2 again. Production capacity is great but the next Great Power war isn't likely to take place over years or even months. So China's technological edge is likely to matter but it's tempered with a willingness to stockpile and maintain systems which may never see use.

Doing that at limited production scale is one thing. Doing it at massive, "we're going to fight a serious war with this stuff" scales is another. China, like many authoritarian regimes, has shown itself to be dazzled by the propaganda value of wonder weapons. The CJ-1000, most recently, seems like a very impressive missile system but if it doesn't exist is sufficient quantity to turn the tide against American assets in theater it's just a waste of money.

Of course, China is also famously closed lipped so it's hard to tell. It might turn out that they have tens of thousands of those things. Probably not, but maybe.

Comment Re:I'm not sure this is really about hardware (Score 1) 157

Not disagreeing with your argument, but even if all of that could be fixed, fundamentally any anti-cheat that isn't going to be defeated relatively easily needs some sort of privileged access to stop you modifying the game or running other software that interferes with it in some way. That necessarily requires a degree of access to your system that is dangerous, so anti-cheat software will rightly be told where to shove itself by any operating system with a security model worthy of that title.

I don't see the Linux community ever accepting that it's OK to deliberately undermine that security model just for anti-cheat, as a matter of principle. With so many games even at the highest levels already running very well on Linux, I doubt it will ever be a big deal for most Linux users, even keen gamers, to play the 90+% of titles that work and skip the few that insist on more intrusive anti-cheat/DRM measures either.

It sure would be nice to reach a critical mass where the games companies actively catered for that market, though, instead of mostly relying on tech like Proton to make what is essentially a Windows game run OK.

Comment I'm not sure this is really about hardware (Score 1) 157

TPM should be optional. M$ is just colluding with the hardware vendors to increase sales.

Unfortunately, there is another possible explanation for the emphasis on TPM that is much more sinister. It's possible that Microsoft and its allies are making a concerted effort to lock down desktop clients in the same way that the two major mobile ecosystems are locked down, to kill off general purpose computing and reduce the desktop PC to a machine that can only run approved apps and consume approved content. It already happens with things like banking apps that you can't run if you choose to root your phone to arrange the privacy and security according to your wishes instead of the vendor's or OS developer's. It already happens on open source desktops, where streaming services will deliberately downgrade the quality of the content they serve you when on the same plan you're already paying for they'd serve higher quality streams to approved (read: more DRM-friendly) devices, and where a few games won't run because their anti-cheat software behaves like malware and the free platforms treat it accordingly.

I am worried that we may be entering a make-or-break period for the survival of general purpose computing with the artificial demise of Windows 10. If the slow transition to Windows 11 as people replace their hardware in the coming years means almost everyone ends up running Windows or macOS on desktops and Android or iOS on mobile devices, there won't be enough incentive for developers of apps and creative content to support any other platform, and all the older versions that didn't have as much built-in junk and all the free alternatives will be reduced to irrelevant background noise because they won't support things that users want to do any more. Your own devices will force updates, ads, reboots, AI-driven "help", covert monitoring and telemetry, any other user-hostile junk their true masters wish upon you, and there will be nothing you can do about it.

Governments should be intervening on behalf of their people at this point because the whole system is blatantly anti-competitive and user-hostile, but most of the Western nations are either relying on the absurd valuations in the tech sector to prop up their otherwise precarious economies or watching with envy while their more economically successful allies do that. So our best hope is probably for the legacy platforms to hold out long enough for some free platform(s) to reach critical mass. And frankly, there aren't many realistic paths to get there. Our best hope might be for Valve/Steam to show that many of those Windows 10 boxes in people's homes can now play most of the same games if they shift to Linux and possibly run some of them better than on Windows as well.

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