4 ms·

I don't understand why this is important. Maybe if you run an international business? So like, 0.01% of citizens? I actually kind of like that the US is no lo

by dgfitz 1y ago

I don't understand why this is important. Maybe if you run an international business? So like, 0.01% of citizens? I actually kind of like that the US is no longer being put on a pedestal. Let someone else have a turn. See how they do, maybe good things will happen.

mrtksn 1y ago
Apple, Google, Amazon, Netflix, Meta, Tesla and many more US companies operate internationally and their valuations are based on their ability to serve billions of people globally. You will have very different valuations, profits and salaries if those end up with a market of 330M people instead. I suspect that more than %0.01 of the Americans will be impacted.
- dgfitz 1y ago
  I didn't mention impacted, I said important. Is it a bad thing if those giant tech companies come back down to earth? I would argue no. They do not provide value, they extract it, generally, and play shitty games with taxes. What good does Meta provide to humanity? Why do I pay netflix to watch ads? Why does google ignore their own search api directives when I put a word in quotes? (To show ads) The only possible actual value amazon created is AWS, the rest is peddling garbage products from garbage vendors. Apple lost the plot somehow with their sw/hw stack, they could use a wakeup. And tesla, ironically, seems poised to be the first domino to tip, the cybertruck is a disaster. If those companies have such a significant impact on global citizens, they probably should blow up, that isn't a "good thing" at all, that much influence.
  - mrtksn 1y ago
    Those writing JS at Meta won't start making cars. It's just that US will become poorer overall and some might feel better for themselves that they are not in Software. If you are anti-USA I guess that's something desired.
bryanlarsen 1y ago
Farmers are almost all international businesses, and that's 2% of the population right there.
- dgfitz 1y ago
  I believe US farmers export 20% internationally. And most of the farmers I know have told me only a small handful of farmers are in that group of exporters, the biggest players. The "little guy" will be fine.
  - bryanlarsen 1y ago
    20% of farmers are big enough to skip the wholesalers and sell internationally. The other 80% sell to local wholesalers to sell internationally. And even though most wheat et al is consumed in the US, a significant amount is exported. A small drop in demand can have a massive impact on price. "100 supply, 101 demand: price goes up. 100 supply, 99 demand: price goes down."

by dgfitz 1y ago

mrtksn 1y ago

Apple, Google, Amazon, Netflix, Meta, Tesla and many more US companies operate internationally and their valuations are based on their ability to serve billions of people globally. You will have very different valuations, profits and salaries if those end up with a market of 330M people instead. I suspect that more than %0.01 of the Americans will be impacted.

dgfitz 1y ago
I didn't mention impacted, I said important. Is it a bad thing if those giant tech companies come back down to earth? I would argue no. They do not provide value, they extract it, generally, and play shitty games with taxes. What good does Meta provide to humanity? Why do I pay netflix to watch ads? Why does google ignore their own search api directives when I put a word in quotes? (To show ads) The only possible actual value amazon created is AWS, the rest is peddling garbage products from garbage vendors. Apple lost the plot somehow with their sw/hw stack, they could use a wakeup. And tesla, ironically, seems poised to be the first domino to tip, the cybertruck is a disaster. If those companies have such a significant impact on global citizens, they probably should blow up, that isn't a "good thing" at all, that much influence.
- mrtksn 1y ago
  Those writing JS at Meta won't start making cars. It's just that US will become poorer overall and some might feel better for themselves that they are not in Software. If you are anti-USA I guess that's something desired.

bryanlarsen 1y ago

Farmers are almost all international businesses, and that's 2% of the population right there.

dgfitz 1y ago
I believe US farmers export 20% internationally. And most of the farmers I know have told me only a small handful of farmers are in that group of exporters, the biggest players. The "little guy" will be fine.
- bryanlarsen 1y ago
  20% of farmers are big enough to skip the wholesalers and sell internationally. The other 80% sell to local wholesalers to sell internationally. And even though most wheat et al is consumed in the US, a significant amount is exported. A small drop in demand can have a massive impact on price. "100 supply, 101 demand: price goes up. 100 supply, 99 demand: price goes down."