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If not for the top 10 of the S&P 500 - the companies that can get a meeting at the white house - we'd probably be in a recession and S&P would be down.

actionfromafar 1y ago
It's almost like a merger of Capital and State.
- markus_zhang 1y ago
  It has been and it is. Both US and China have successfully created a Leviathan albeit if different form. EU is way behind and that’s why it’s losing.
  - ericmay 1y ago
    The EU did it too, probably second with the US being last. It’s just that the EU focused on worker’s rights, protections for origins of products (can’t call bubbly wine Champaign if it’s not from there), etc.
    - markus_zhang 1y ago
      To compete with other Leviathan unfortunately you have to become one too. It’s just for survival.
      - johnnyanmac 1y ago
        Why is there an implication that only leviathans survive?
  - deaux 1y ago
    It's "losing" compared to the US? Haha. I guess from a true VC startup bro perspective. It's not "the EU is way behind the US and China", it's "the EU and US are way behind China". Because the latter is the only one who has been taking long-term decision on decision over the last decades, whereas for the other two, 95% is for the short-term, the next quarter, the next election a year from now. The US is even worse in this regard, hence why it's deteriorating even more rapidly.
- softwaredoug 1y ago
  You might say its rather socialist...
  - adestefan 1y ago
    There's a better word for it.
    - conception 1y ago
      It’s #9 on the list actually
  - nbaugh1 1y ago
    Just missing the social programs that redistribute the wealth to the working class The system/ideology you're looking for starts with an "F" and ends with "ascism"
  - gabrielgio 1y ago
    An actual socialist would say the state in capitalist society provides a legal and infrastructural framework that supports business enterprises and the accumulation of capital, so it is business as usual. But feel free to throw words around as they mean nothing.
drstewart 1y ago
Why don't you exclude the worst performing industries instead?
- johnnyanmac 1y ago
  Because 10 bad performing companies performing worse isn't what drags us down to a recession. Not in terms of stock market.

actionfromafar 1y ago

It's almost like a merger of Capital and State.

markus_zhang 1y ago
It has been and it is. Both US and China have successfully created a Leviathan albeit if different form. EU is way behind and that’s why it’s losing.
- ericmay 1y ago
  The EU did it too, probably second with the US being last. It’s just that the EU focused on worker’s rights, protections for origins of products (can’t call bubbly wine Champaign if it’s not from there), etc.
  - markus_zhang 1y ago
    To compete with other Leviathan unfortunately you have to become one too. It’s just for survival.
    - johnnyanmac 1y ago
      Why is there an implication that only leviathans survive?
- deaux 1y ago
  It's "losing" compared to the US? Haha. I guess from a true VC startup bro perspective. It's not "the EU is way behind the US and China", it's "the EU and US are way behind China". Because the latter is the only one who has been taking long-term decision on decision over the last decades, whereas for the other two, 95% is for the short-term, the next quarter, the next election a year from now. The US is even worse in this regard, hence why it's deteriorating even more rapidly.
softwaredoug 1y ago
You might say its rather socialist...
- adestefan 1y ago
  There's a better word for it.
  - conception 1y ago
    It’s #9 on the list actually
- nbaugh1 1y ago
  Just missing the social programs that redistribute the wealth to the working class The system/ideology you're looking for starts with an "F" and ends with "ascism"
- gabrielgio 1y ago
  An actual socialist would say the state in capitalist society provides a legal and infrastructural framework that supports business enterprises and the accumulation of capital, so it is business as usual. But feel free to throw words around as they mean nothing.

drstewart 1y ago

Why don't you exclude the worst performing industries instead?

johnnyanmac 1y ago
Because 10 bad performing companies performing worse isn't what drags us down to a recession. Not in terms of stock market.