@kentwillard i don’t think that’s right. the loans that will never be repaid, yes. but in steel for example, it’s been decades with no collapse to one or two champions. IT is riddled with network effects, and there are some obvious champions (eg Tencent/WeChat), but i think China maintains a lot more centrifugal structure and willingness to crush firms that become threateningly dominant than in the West. overall the outcomes are quite meaningfully different.
before you posit NASA vs SpaceX as exemplary of public vs private sector performance, consider that the private sector has also given us Blue Origin, Virgin Galactic, and Boeing.
a better model is that extraordinary achievement is hard, most organizations will fail, a stable is far better than a champion, whether public or private.
@ouguoc Suburban Tampa.
@ouguoc (There could be an excuse there. But it found a driver promptly enough, once the artificial delay had terminated, and that driver got to within 3 mins of me after dropping a prior customer nearby. Car trouble? He lives here and just didn’t want to go downtown? I don’t know. What bugged me was that Lyft didn’t ask, or offer to cancel, just switched into searching for new driver. If I’d canceled, would I have had to fight for a refund?)
Called a Lyft, first time in more than a year. “Wait and save” feature added ~10 mins before trying to match a driver, an arbitrary delay to save $5. Then promised a driver in 20 mins. Driver got to my neighborhood, parked, evidently canceled. Without asking for confirmation, Lyft started searching for a new driver. Found one, another 20 mins. Assuming this one comes (not a safe assumption perhaps!), the hail-to-arrive delay will have been about an hour. Just like calling a cab, back in the day.
autumn is when we get kids all excited about a legume literally named after incest.
“When voters say they want more economic policy from Kamala Harris, I don’t think they mean they want to see white papers or hear about tax credits. They want a worldview. They want to know how she—and the Democratic Party—understand the rising cost of housing, health care, and groceries, the collapse of small businesses, and most importantly, the decline of good jobs and blue-collar careers over thirty years.” #ZephyrTeachout https://www.nybooks.com/online/2024/10/13/harriss-chance-on-trade/
@kentwillard I will!
we are all Cassandra now.
“it’s a non-judiciable political question whenever we support the politics that would prevail if we don’t judiciate it.”
@lancetay what’s the ring?
surely the proper apellation for this is a “floorinal”.
photo of a urinal that goes all the way down into the floor.
the easiest way to become misinformed is to imagine you can discern who is trustworthy by how people present themselves over youtube (or tiktok, reels, whatev).
“hemp-infused sparkling mineral water”
it comes around on public media as a leak, inside information from a credible source.
but if it’s on public media it isn’t inside information. it’s outside information intentionally presented as inside information in order to shape or fabricate a narrative.
“War is atrocity. Except when we are winning.”
@artcollisions when they have fun, you have fun!
@artcollisions better by the vaccines than the things themselves! i hope you wake up to a new sunny day.
@artcollisions Please don’t.
@artcollisions Great news! You have been redeemed!