This bubble isn’t crashing. People are already losing their jobs because Claude writes good enough code.

Yup

One person’s purchase is another person’s sale. That’s the fundamental point you appear not to be grasping. When an elderly boomer buys personal care, they are paying a provider which includes employees who get some of the money. I don’t know how this can be hard for you to understand.

The Musk thing is just weird. You rightly say he can’t spend all the money he has. You then just bizarrely and naively think he’s somehow using the money he is not taxed on to “spend” (by which I presume you mean invest) in “new capital for future generations”. Fuck me, that’s the most naive thing I’ve heard all year and I’ve read stuff from MAGA senators thinking they wouldn’t get fucked over by Trump.

300 mile *range*, you doofus

I discussed 300 miles range EV in literally the preceding paragraph at some length. You just needed to remember the context from one paragraph to the next

Because Tesla only makes a few models, and I think only the Y and 3 are available in China. With Chinese batteries, BTW.

Also because they are aspirational. A lot of Audis are crap, they charge a subscription for heated seats. Range Rovers are unreliable and uninsurable, but people think they compensate for their micro penis.

You are getting shafted by the lack of competition from Chinese manufactures. Here we can buy a brand new long range EV for around $30k before tax, and it's better than a Tesla.

You greatly underestimate the EU. I know it's hard to imagine politicians that aren't working for corporations first, but the way the EU is set up it's very difficult for them to gain traction. Look at all the pissing and moaning about GDPR, RoHS and so forth. The EU made it happen anyway.

So at least for Europeans that option to side-load any app we want isn't going away. What's more, Google is now required to allow third party app stores on Google Play, and I think it's only a matter of time until those stores are allowed to certify apps themselves.

There is not some fixed sum of wealth in the world. When boomers spend money on healthcare, it doesn’t burn up like smoke. It goes to pay employees and buy wound dressings from companies that make profits and pays stockholders and enriches fatcat bosses, etc — in other words, the money is still there, still in circulation. Does it accrue unequaly and do I consider that a moral and strategic problem? Yes! But it doesn’t disappear.

And you’ll have to work quite hard to convince me that a structural reallocation of wealth away from inheritence and towards health and social care is necessarily worse for inequality, given that inheritance is one of the single biggest factors in driving wealth inequity that we know of. All of this is complicated - Medicare and Medicaid is publicly funded.

But the core point is true: the lump of wealth fallacy applies to your basic argument, and wealth doesn’t go up in smoke, it gets reallocated. Our focus ought to be on making redistribution happen, as fairly as possible, and delivering sustainable growth in wealth.

This article is largely about short-term noise. But in the medium term, most buyers of second hand vehicles are going to under-value used EVs, for two core reasons:
1. EVs are being thought of like consumer tech eg phones and computers, with new generations superseding old generations and offering substantial improvement each time (it was for exactly this reason that I have always bought my (new) EVs on finance, so I could upgrade easily
2. People assume EVs deteriorate in the same way as ICE vehicles and thus should follow an ICE-shaped decrease in value with age on the used market. But EV batteries and motors will last much longer than engines. An LFP EV that has 300 miles of range when new will be getting 240 miles, ie 80% after 3000 cycles, based on cycle degradation alone. That would be 900,000 miles. You have to allow for calendar degradation on top, but it could still be well over 500k miles, with no wet belts or turbos etc to repair or replace as on an ICE engine. EV motors are equally long-lived. So these assets will last much longer than most people expect, and that’s not yet baked into prices

What that means is that a canny buyer could be a 2027 300 mile nearly new LFP EV at a big discount to the new price, and keep it for literally decades. And in 2030, they’ll be able to buy a five year old used LFP Ev at a massive discount to the new price, and still keep it for literally decades

"Everyone is pulling out of the US EV market..."

Except they are not, dream on MAGA.

It was also morally evil and a war crime, but it turns out to have been a really dumb move too. Who’d have thought?

https://www.middleeasteye.net/...

https://en.wikipedia.org/wiki/...

Sure, sure Iran lies. But there’s independent reports showing both incidents happened. The question of deliberateness is separate. But given Trump and Hegseth’s proclivities, I think it would be odd if they *did* hold back.

The first one you mean? Weird minority opinion, but you're entitled to it.

The one and only thing that matters to the mainstream modern media outlet is reactions, because people don't care about news any more, they just want to feel something.

That's not quite true. You only need to offend one person to get modded down. However, if you also provide value, then you will probably not stay modded down. My karma has only been anywhere other than right up against the kap a couple of times in the last... uh, long time.

Yes. And also and.

But bsky is an echo chamber and feceboot is not, and I want both things.

Twitter is too much of a cesspool to care that I got banned for saying mean things about Leon