3 ms·

yeah, their shops arnt sized to do much more than UPS style package movement. I dont see it as a good value, but it's the only thing I see as a synergy. Otherw

yeah, their shops arnt sized to do much more than UPS style package movement. I dont see it as a good value, but it's the only thing I see as a synergy. Otherwise it's just more garbage capitalism.

alchemist1e9 6mo ago
> garbage capitalism. How is this defined?
- jfengel 6mo ago
  Moving money around and pretending that there is more of it.
  - alchemist1e9 6mo ago
    You mean leverage/borrowing? Pretty time tested mechanism of risk taking in free markets.
    - idiotsecant 6mo ago
      Moving money from one pile to another so that you can skim a little off the top is imaginary work and is slowly destroying the west
      - k33n 6mo ago
        That’s not what’s slowly destroying the west but I understand that I must keep my remarks on this Marxist-friendly website very tame.
      - mapt 6mo ago
        It's always gone on, and probably always will on some level. It's only when it becomes the primary concern that capitalism eats itself.
- smallmancontrov 6mo ago
  Slumlord owners of the network effect monopolies innovating ever lower investment in innovation and upkeep with ever higher increases in rent extraction, with a few nipple tassles slapped on the side to entice retail investor hype cycles.
- rchaud 6mo ago
  A few things come to mind: - SPAC IPOs that dodge standard disclosure requirements and worsen information asymmetry. See WeWork. - Board positions filled with CEO loyalists instead of independent directors. See OpenAI firing Altman before Microsoft reinstated him. - Management taking seemingly arbitrary decisions that turn out to be directly linked to their own compensation. SpaceX ordering a bunch of Teslas, or merging with a distressed asset (xAI). See above point on loyalist boards. - The very concept of leveraged buyouts where financiers borrow money to buy a company, then put the burden on repayment on the company AND pay themselves hefty management fees. This inevitably leads to layoffs and a rapid decline in product/service quality while the company is scrapped for parts.
- deleted 6mo ago
  [deleted]

yeah, their shops arnt sized to do much more than UPS style package movement. I dont see it as a good value, but it's the only thing I see as a synergy. Otherwise it's just more garbage capitalism.

alchemist1e9 6mo ago

> garbage capitalism. How is this defined?

jfengel 6mo ago
Moving money around and pretending that there is more of it.
- alchemist1e9 6mo ago
  You mean leverage/borrowing? Pretty time tested mechanism of risk taking in free markets.
  - idiotsecant 6mo ago
    Moving money from one pile to another so that you can skim a little off the top is imaginary work and is slowly destroying the west
    - k33n 6mo ago
      That’s not what’s slowly destroying the west but I understand that I must keep my remarks on this Marxist-friendly website very tame.
    - mapt 6mo ago
      It's always gone on, and probably always will on some level. It's only when it becomes the primary concern that capitalism eats itself.
smallmancontrov 6mo ago
Slumlord owners of the network effect monopolies innovating ever lower investment in innovation and upkeep with ever higher increases in rent extraction, with a few nipple tassles slapped on the side to entice retail investor hype cycles.
rchaud 6mo ago
A few things come to mind: - SPAC IPOs that dodge standard disclosure requirements and worsen information asymmetry. See WeWork. - Board positions filled with CEO loyalists instead of independent directors. See OpenAI firing Altman before Microsoft reinstated him. - Management taking seemingly arbitrary decisions that turn out to be directly linked to their own compensation. SpaceX ordering a bunch of Teslas, or merging with a distressed asset (xAI). See above point on loyalist boards. - The very concept of leveraged buyouts where financiers borrow money to buy a company, then put the burden on repayment on the company AND pay themselves hefty management fees. This inevitably leads to layoffs and a rapid decline in product/service quality while the company is scrapped for parts.
deleted 6mo ago
[deleted]