3 ms·
The opportunities for entrepreneurs to learn the necessary prereqs to launch such startups are no longer present. US political leaders and businesses responsibl
by altairprime 2y ago
The opportunities for entrepreneurs to learn the necessary prereqs to launch such startups are no longer present. US political leaders and businesses responsible for fiscal policy and (anti-)taxation lobbying do not consider “investment in education of industrial workers” to be a relevant enough factor in domestic manufacturing security to be worth taxing, spending, or lobbying for. The fiscal climate for launching new businesses of this sort is also now extremely hostile; entrepreneurs are expected to self-fund their businesses, which is now due to wage deflation wholly incompatible with high-capex industries like electronics; or to persuade a VC investor to bet on them, which is how we get Juicero; or to pursue subscription-based revenues, which is how we get the Cricut revolt of a couple years back; or to persuade a bank to take a risk on a large capex loan with uncertain outcomes, when banks can make more reliable money gambling on financial derivatives and government bailouts and monetary policy does not compel them to loan out excess reserves.
This is the long con of Reagan in the 80s: extracting value and diverting profits from households to shareholders will only get you a few decades before the last well-trained, well-funded workforce ages out and no one’s left to prop up the scam. In SimCity terms, the US is collapsing from High-Density Industrial to Medium-Density Industrial because all the schools had their funding cut for 50 years while the city budget has Commercial taxes set to 0%. The solutions are similarly apparent to any SimCity player, but deeply unpalatable for the real-world beneficiaries — the 0.1% — that are now accustomed to their diverted income. Ironically, one of the best ways to learn more about the grifter’s mindset is to read Atlas Shrugged by Ayn Rand; not because she proposed a workable solution or because it’s a good or bad novel, but because her portrayal of the grifter sociopathy is dead-on accurate for what we now see happening. Or, watch the TV show Leverage; the villains are often a stellar model of the same.