Authored by Charles Hugh Smith via OfTwoMinds blog,
The goal of maximizing profits for shareholders by any means available incentivizes discord as the primary source of profits.
Few would deny that social discord is rising. The proposed causes range from wealth/income inequality to the rise of polarizing political ideologies and the Trump presidency.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin.
To really understand an asset, we have to examine not just the asset itself but who owns it, and who can afford to own it. These attributes will illuminate the political and financial power wielded by the owners of the asset class.
Just days after we reported that in the mad dash by virtually every American city to become Amazon's second headquarters, in which some such as New Jersey offered as much as $7 billion in state and city tax credits, today Amazon announced that that it has received 238 proposals from "cities and regions in 54 states, provinces, districts and territories around North America" who want to host the company's second headquarters, also known as HQ2.
Via Knowledge@Wharton,
Author Franklin Foer reflects on the dangers of losing ourselves in a society dependent on a handful of tech firms.
Authored by Charles Hugh Smith via OfTwoMinds blog,
I predict the current investigations will widen and take a variety of twists and turns that surprise all those anticipating a tidy, narrowly focused denouement.
The theme this week is The Rot Within.