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Comment This is amazing (Score 1) 29

Because it means they only need 144 years of this profit to hit their market cap!

And this is still somehow infinitely better than Tesla.

The stock market is massively overvalued and we all just have to pray to hell that it continues to be for at least another three to five years.

Because when the correction hits, and it will sooner or later it always does, it's going to hit like the fist of a god. And we are going to need at least moderately competent people in charge or we are more fucked than usual which is substantially fucked

Comment I wonder who he pissed off so much (Score 2) 44

That he can't just kick a few million to Trump and get a pardon. If I remember correctly he's well enough connected he can get the money together. It's only at most two or three million to get a pardon from Trump. I don't recall that his crimes were state level either.

All I can figure is that one of the dumber billionaires, and they're all pretty stupid, gave him a ton of money and lost it. Like how Bernie Madoff and Elizabeth Holmes or both rotting in prison because they ripped off people that actually matter.

Comment There are more people looking for work (Score 2, Insightful) 17

Then there are jobs. We are at the point where there are some people who just cannot have a job. Full stop.

And this is the people actively looking. These are not all the people who are massively underemployed or who have stopped looking. If you take functional unemployment into account, which is the same people who do not make enough money to afford a studio apartment and food, we are a 25% functional unemployment.

I keep saying this, but the center cannot hold. We cannot keep this up. There will be violence and I get that a lot of people here are looking forward to being able to shoot people in Cold blood so they don't care...

The thing you got to remember is when there's a horde of people coming after you because you still have a house and a job you have to shoot and kill every single one of them but they only have to shoot and kill you once and it's game over.

This isn't a video game. There are no respawns and there are no save points.

Comment It's not about short-term profit (Score 4, Insightful) 105

It's about power. We are going to transition to solar power and the current owners of all the oil are intentionally slowing that transition down so that they can make sure they are the ones who own all the capital and infrastructure and get all of the money generated by it.

Common Sense dictates that we just have publicly owned solar power since it's literally going to be a universally desired service that has little or no cost beyond the original setup and then some maintenance and recycling.

But we threw common Sense out the window decades ago when we decided to go all in on reaganism and thatcherism. Or whatever your local equivalent is to pseudocapitalism.

So instead banks will loan billions and billions of dollars to private individuals so that they own the infrastructure needed for electricity and get to decide where that electricity goes while profiting from it and I suspect they will just default on the loans and we will all get stuck bailing out those two big to fail Banks like we always do.

Socialize the losses privatize the profits

Comment Europe is going to slowly kick America out (Score 5, Interesting) 36

Europe watched Russia basically install a foreign asset as the head of state in America using Facebook and Twitter. They are not going to let that happen to themselves.

So for example they have banned young people from social media. That isn't to protect kids, nobody gives a shit about kids even in Europe. That is to do a roundabout way to gradually wean their population off of american-owned social media.

Killing infinite scrolling is part of that too since it does quite a bit of damage to social media.

You can't just outright ban it their laws aren't set up to do that and it would be too obvious and the billionaires would step in and stop it. So they're going to do it slowly and gradually. Like cutting out an infection that is spread really far.

Comment So they can learn (Score 1) 149

But not while they're consuming right-wing propaganda. I experienced this with some right wing friends I had where I would sit them down and explain reality to them in detail and they would learn and agree with me and start to move away from the right wing... But then they would get in their car, turn on talk radio which is universally right wing and getting earful propaganda. Then they would get home and turn on the news which has been bought out by billionaires and again getting an eye full and an earful of right wing propaganda and it would completely undo the work I had put into convince them to accept reality.

Basically if you're dealing with someone who's fallen into the right wing and they're not just an asshole or a racist then you need to get them away from right wing propaganda. And that is extremely hard to do nowadays because even the 9:00 news is now right wing propaganda thanks to Sinclair media.

Comment The government paid for Tesla's expansion (Score 1) 172

Tens of billions of dollars worth of subsidies. They were indirect subsidies so they're not as noticeable but they were still subsidies.

The point is that it's not surprising these companies are having to splash cash to build out electric cars.

But at this point electric cars are basically inevitable because solar power is basically free. Look up the technology connections video about it on YouTube. If it wasn't for the oil companies slowing down the transition we would be well on our way to completely ending fossil fuels. Apparently even in China the coal powered plants being built are just being built because of old money that owns coal plants and corruption.

So I wouldn't terribly much worry about some short-term losses for car companies. The bigger issue is things like the job market collapsing making cars unaffordable. Remember even if you have a nice big nest egg and a career you don't think is going to go away if a quarter of the country can't afford cars anymore that means car companies are going to drastically raise prices in order to make up the Lost sales on volume.

Comment It threatens the entire economy (Score 1) 56

It's just another crisis to put on the pile that we refuse to talk about or address because we've become obsessed with letting the billionaires do anything they want in the name of capitalism. Up to and including dismantling capitalism and the Democratic systems necessary to support it.

We became so terrified of socialism from years and years and years of anti-communist propaganda that we ignored other threats to capitalism and free commerce

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