• 3 Posts
  • 199 Comments
Joined 2 years ago
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Cake day: June 14th, 2023

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  • Normal people either can’t afford these devices or don’t have time for all the hassle

    Had a friend who was getting by on $2k/mo and got herself a $1400 top of the line iPhone, because her carrier gave her a reduction in her monthly payment plan (for an obscene amount of debt and locked-in service on the back end). Her brother jail-broke it for her and did the normal “cleaning off all the bloatware” due-diligence.

    This is just something we all put up with in the modern day. “Normal people” have a harder time navigating the bullshit, but its a lake we all have to paddle through.




  • A lot of these subsidies (both in the US and China) are implicit. Chinese state rail networks operate at cost, allowing cheap transportation of materials and labor. American borrowing is heavily subsidized through the Fed Credit Window, which keeps rates in the low single digits while corporate bonds and consumer loans can be 2x-30x as high. Both countries cut corners on environmental enforcement and subsidize waste management. Both countries subsidize education and incentive R&D through their university systems.

    The real benefit BYD enjoys - even above its Chinese peers - is vertical integration. They own everything from mining interests to technology patents to dealerships. This is a deliberate consequence of Chinese trade policy, which requires foreign investors to partner with Chinese nationals in order to own and operate capital. Consequently, Berkshire Hathaway - a large early investor in BYD - cannot dictate Chinese vehicle manufacturing policy from a private office in Omaha. Chinese locals benefit from the innovation, the domestic capital, the experienced labor force (which can migrate to local competitors), and the increased economic activity it produces.

    China is insourcing it’s wealth aggregation, which has a cyclical compound benefit over time.


  • This is important.

    It’s the downstream consequence of decades of outsourcing, kicked off in earnest in the Reagan Administration. “Right to Repair” is just the tip of an enormous iceberg of military privatization.

    Money that could be redirected into more important stuff, but alas our corrupt politicians will find other things to waste it on.

    That’s the nut of it. This money is being wasted in the general sense. But it isn’t wasted in the eyes of crony legislators and bureaucrats who see themselves on the receiving end of the kickback stream.

    This goes back to the BBB and its rampage through some of the most high efficiency Medicaid programs on offer, in order to shuttle somewhere between $175B and $541B (depending on who is counting) to a national security system that’s just legions of badged up bullies harassing locals for the entertainment of a few hooting chuds.

    why can’t the military fix their own equipment or farmers fix tractors?

    Because

    and SaaS is how corporate industry has decided it will continue to grow its profits indefinitely.