Crony capitalism
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X @Nick Szabo
Nick Szabo· 2025-11-09 15:09
RT David (@Mr_NiceGuy_007)With respect, this is Boomer-coded nonsense.“So yes, I succeeded. I worked hard in school, and after graduation I routinely worked 12 to 16 hours a day for years.”As if Millennials or Gen X didn’t do that? We did. We just weren’t rewarded for it.Boomers pulled the ladder up behind them.You weren’t exceptional. You were early. That’s it. Facts over feelings.Your generation benefited from a system that was still intact: affordable college, livable wages, stable housing markets, and d ...
Ken Griffin: Apple should '100% not' be exempt from tariffs
Youtube· 2025-09-25 18:37
Group 1 - The discussion highlights concerns about tariffs acting as a national sales tax, disproportionately affecting lower and middle-class Americans, raising issues of equity and fairness [2] - There are apprehensions regarding crony capitalism, where businesses may seek exemptions from tariffs, leading to favoritism towards large, connected companies [3][4] - The involvement of the government in selecting winners and losers in the market could lead to negative outcomes for all stakeholders, as seen in deals like Nvidia's operations in China [6][8] Group 2 - Companies like Apple may be making investments in the U.S. to avoid tariffs, but this raises questions about whether such actions are genuinely in the national interest or merely self-serving [5] - The reliance on government favors rather than innovation as a core competency could undermine the competitive landscape, as companies may focus more on political connections than on technological advancements [7][8]
'A major hype cycle.' Stocks climb despite Trump tariffs squeezing U.S. businesses, consumers
MSNBC· 2025-08-29 04:33
It is time for money power politics and tonight tariffs are putting the squeeze on businesses and consumers alike. Much like his first term, US farmers are taking a big hit in Trump's tariff war thanks to soaring fertilizer prices eating away their profits. US shoppers are also facing an a wave of order cancellations as the countries around the world are cancelling Americanbound shipments.Do you know why. Tariffs. These are just a few of the many warning signs that the economic road ahead could be bumpy.But ...
Nicolle blasts Paramount's capitulation to Trump: 'The short-sightedness is what's stunning'
MSNBC· 2025-07-25 21:15
Just after our show ended yesterday, news broke that the FCC had approved the merger of Paramount and Sky Dance Media, capping off a July that has been chock full of capitulation at CBS and their parent company Paramount. The month started with Paramount agreeing to pay Donald Trump $16 million in an effort to settle his frivolous lawsuit against 60 Minutes for its interview with former Vice President Kla Harris, followed by the news last week that the network is cancelling the late show hosted by Steven Co ...