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Palantir is a critical component of the "homeland security apparatus" which employs enormous amounts of Americans (especially in N. Virginia) and is becoming a
by javert 6y ago
Palantir is a critical component of the "homeland security apparatus" which employs enormous amounts of Americans (especially in N. Virginia) and is becoming a powerful political constituency unto itself.
This constituency has and will push for government expansion of surveillance, counterintelligence, the military, and domestic policing in order to enrich its constituent corporations and government bureaus and their employees. This is the livelihood of hundreds of thousands of Americans. I hope there are enough terrorists out there, and criminals in here, to justify that expenditure......
You might as well consider N. Virginia and its "colonies" in other parts of the country (e.g. aerospace around Los Angeles) as an extra super-powerful but hidden state within the state. Or you can view it as another branch of government.
This hidden state is not partisan. It does not care which political party is in power. Both political parties kowtow to it.
I would highly suggest investing in stocks of affiliated companies (Palantir, Oracle, defense stocks, ATT, Verizon) as they aren't going anywhere - ever.
- prepend 6y agoI think that’s true, but also true for the other companies I mentioned. Is Palantir more of a part of the apparatus than SAS? I think it’s less so than dedicated military industrial firms like Lockheed Martin or Northrup Grumman and whatnot. If anything, going public will more clearly show what percentage of revenue comes from government vs non-government.
- javert 6y agoI believe Palantir exists specifically to serve the government surveillance "industry." Do you have information showing otherwise?
- PopsiclePete 6y agoAll that's happening with or without Palantir. We have Big Data, we have data scientists, we have ML/AI....it's going to be used for all of these goals no matter what. The genie is out of the bottle. Blaming Palantir here is a bit like blaming Colt or Smith & Wesson. They're just one of many companies that are providing, or could be providing, or with they were providing, these same services. And the services themselves, and the science behind them aren't inherently evil. It's not like the math behind their models is special "let's oppress society" math. Blaming Palantir for the things the government is doing is as effective as blaming Boeing or Google - whose services are also used by the US Government for various (nefarious) purposes.
- javert 6y agoI believe Palantir exists specifically to serve the intelligence apparatus. Do you have information showing otherwise?