the Internet is now being used by 4 billions people, so it basically mimics humanity
Back in the 80s and 90s you were cherry picking the elite and the intellectuals, the internet of back then was never going to be representative sample of humanity
> Once you're big enough to be a target, you have to spend money on lobbying, and contribute to campaigns.
Absolutely not. You do the opposite of that. You go at layer zero. At the population level and enter the culture wars arena with the goal of winning.
Some of these companies are structured in a way that the founders are poised to retain control of their companies till they retire (Google, Amazon, Facebook, Berkshire).
If you are Zuck or Brin or Dorsey and you want to do this until you are 95 like Buffett then you are better off barking and biting back, acquire a reputation of a fighter so that people like Sanders and Warren would leave you alone. There will be consequences such as employees criticizing and leaving but in the long term you are better off fighting.
When a politician comes after you and your company, you just attack back, if you are not prepared to do this you should simply not start a proper company and opt for a carrer in a hedge fund instead, where you can make money in the dark.
Founders and CEOs should not be the first offender but when they are called out they should absolutely attack back.
Sanders is pouring manure all over corporate America since 2015 and all he had to endure was Michael Bloomberg attacking him back for half a debate, and wouldn't have happened if Bloomberg didn't decide to run.
If a guy like Bezos or Zuck were to tweet back at Sanders something to the tune "I've started a company in a garage and now it has the same credit rating of the US Government, what have you done with your life?"
That would be fair game, politicians prey on weakness, they smell it and keep biting till you lay there unconscious
You’ve also got to read the room. The mood in the US is not in favor of hard charging mavericks of industry. This approach today would likely backfire spectacularly.
Big Tech should be locating large employment centers in strategic locations around the country. And by strategic I don’t mean where the talent, resources, or customers are located but rather where influential Congresspeople, Senators, and Governors are located. Then wield your soft power with these folks, e.g. “You can break us up but it’s just going to cost your district/state massive job losses”.
Next, meet with other agitating politicians to find out their underlying motivations and help them to achieve those things - doesn’t even need to be real, just help make them look good for their next re-election campaign. So Bezos should work out a public deal with Bernie and AOC to raise Amazon’s minimum wage to $20 an hour. Bernie and AOC will look like progressive heroes but would be effectively defanged in continuing to attack Amazon (to a large degree).
Big Tech should be locating large employment centers in strategic locations around the country. And by strategic I don’t mean where the talent, resources, or customers are located but rather where influential Congresspeople, Senators, and Governors are located.
I thought this was one of the problems of a Soviet style command economy. They would locate production not where it was more efficient and made economic sense, but where it was politically more beneficial.
If these companies start doing this they could lose to more efficient competition. Hope they aren't that stupid.
> If a guy like Bezos or Zuck were to tweet back at Sanders something to the tune "I've started a company in a garage and now it has the same credit rating of the US Government, what have you done with your life?"
Aside from whether or not this is good to do, do you remember the Amazon News incident? Amazon tried to "fight back" on Twitter and it just made them look bad.
What if those who produce, use and mantain those tanks, ships, planes and rifles suddenly lose trust in the mean of compensation which the government offers them in exchange of their services?
Nobody ever thinks about this, but government and all the infrastructure it owns are embedded in society
The general view is that Bitcoin takes hold among the population and then there is a fight between the population and the government....quite the contrary, Bitcoin simply takes over the government at an equal or slighly inferior rate compared to the general population.
See how many people in the Capitol are being bitten by the bitcoin bug. For every critic you'll find somebody who is willing to speak in favor of it.
Nobody, not even Biden has the political goodwill to make Bitcoin illegal and enrage so many constituents (aka lost votes)
The only ones who maybe can do it are Xi and Putin, and the latter seems more pro than against because everything which goes against the dollar is Putin's friend.
Xi is also on and off again with Bitcoin but every day which goes by in which he is not decisive is a day in favor of Bitcoin.
You are left with the Warren, Sanders, Corbyn types as well as this Dutch guy who have only one style of messaging: modern day Robinhoods (or Pocahontas) trying to take money away from people who work and make sacrifices to get ahead in life and redistribute it to themselves
Even if the people you label modern day robinhoods (but that take money away from people who work and make sacrifices to get ahead in life and redistribute it to themselves, which is not quite the typical robinhood version) really are as self-serving as you suggest - do you really think that making bitcoint would enrage so many constituents? How many people do you think actually hold bitcoin?
https://www.buybitcoinworldwide.com/how-many-bitcoin-users/ estimates there are around 15.3 million people in north america, and of those how many actually care deeply about this issue? Additionally, realize that how much this hurts dramatically depends on how such a ban were to come into force.
I mean - I don't think there's a chance in hell Biden will ban bitcoins, but rather because it's just not a priority, not because this is electoral suicide.
1) Elections in America are always close, every race, every candidate is not safe. That's the nature of the 2 party system, hence every vote counts
2) You are getting your data from the wrong source, Coinbase alone has 56 million verified users. And unlike FB those are real , not bot, as every user have to be KYC'eed for AML purposes. That's just one exchange.
3) Also with regards to those millions of users, the situation is peculiar because it's for sure one person per family (the millennial or the college kid). So you enrage one person, but that person then would badmouth you with all the people in their close family who were otherwise neutral to the BTC ban, but now that you hurt their son finances, they just aren't anymore.
Elections are only close in some states, and its hard to predict which issues voters will care about, especially since nobody has proposed exactly what a "bitcoin ban" would look like. The linked article also mentioned that coinbase number, but it's a little hard to interpret: not everybody having an account will be in the US, nor will they necessarily own any bitcoin, nor, if they own bitcoin, will it necessarily be more than a tiny amount; it might just be a bit of a game - i.e. hard to say what people's opinion on the matter is just by having a coinbase account.
If you are somebody who wants to win an election, whose vote are you winning by proposing and/or signing a bitcoin ban?
It's not like Bitcoin has a CEO that you can point at in the Forbes billionaires list and claim that you are going against him.
You have to explain and present to people the coins per wallet distribution statistics and convert it to dollars to get to the topic of inequality, then from there trying to equate Wall Street to Bitcoin.
It's not easy, even for a socially competent person, you lose the room and people's attention quite easily. It's far easier to attack Bezos
I think we're in agreement, this isn't going to happen. I'd just frame it differently.
If a politician were to try and ban this, I'm sure compentent spin doctors would think of better lines of attacks than bitcoin == rich people == evil. They might throw a line in the direction of nationalism (chinese control, dangerous!), or note its environmental impact, or note the risks due to instability (so we'll compensate you small fry, but not <xyz>), or claim a connection to organized crime, or note the issues of tax evasion...
I mean, it's not hard to come up with a list, and I firmly believe - not just because it's crypto, but just in general - that people just dont care about this kind of technicality. To be clear: they would need to buy out at least the vast majority of current holders or some such scheme to at least take out the sting for most people - but then, that's something that's attractive to a few special interests too, so that could well fly.
But why would they bother? It's just not going to happen.
>This is true for every disease. If possible it's always smart not to inject yourself with stuff.
Maybe in a vacuum where everyone else around you is guaranteed to get the shot, but based on what I saw from friends and family who contracted COVID, what I've read about its long term effects, and the ongoing uptake of the vaccine I would not say the science inclines me to take my chances without immunity.
There is no money to be made in the form of profits or FCF from renewables. Not only that, there is no money to be made in energy which isn't fossil in general. This includes Carbon Capture, storage, and nuclear fission/fusion as well.
Fossil fuels extraction is the best of the industrial/non-talent based sectors, Saudi Aramco basically sticks straws in the sand and oil comes out at 7 dollars per barrel.
Electrons they are all the same, there is not some consumer convenience in using green electrons.
The only success story in terms of marketcap is Tesla, but that company is based on constant lies told by the CEO to keep people energized.
If we manage to solve climate change it would be the biggest letdown ever for the general population: the way this thing is being socially and politically advertised people expect a technoutopian future where all of a sudden rainbows would appear all over the place from cows derriere in lieu of methane. A technoutopian pipedream sold by Musk and the like.
In reality we'd just manage to keep things as they are now, our lives won't change that much.
Tl;dr Long SaaS and fintech, short energy and construction
> For facebook, it was decimating any local ISP growth by snatching their market
When the hated big guys move, there is always the suspect that somehow, somewhere, somebody else could have done it better, or with less externalities or with less publicity or with less branding or in a way that it's local.
It's not the act itself which troubles people. People will always find a way to hate on Zuckerberg, Bezos, Brin or Gates.
Now that Netscape went belly up everybody suddenly imagines a world where if only Microsoft was broken up then we'd all live in a Jetsons type future with flying cars and tubes carrying us around, all thanks to Netscape
If we dismiss all corporate criticism as just another inevitability, then corporations will run unchecked without any criticism. I'm also not sure what Netscape has to do with decimating a developing country's economic infrastructure either.
It's well known that free models, like those of Tom's Shoes, hurt developing economies more than they aid them, so much that even Tom's eventually switched their model.
> If we dismiss all corporate criticism as just another inevitability, then corporations will run unchecked without any criticism
Who needs criticism when you are in control of B2 bombers? Let corporations play, let them compete and give them free reign, while remaining chill knowing that you always have the last resort option to tame them: violence in the form of B2 bombers
I'd be worried much more about the public officials who are in control of the aforementioned B2 bombers and should use them for the benefit of Americans.
How come when a company is not American the intro is always:
[Country's]+[company name]
Whereas if the company is American it's always:
[founder's name]+[company name]
I don't know if it has to do with media or with the fact that foreign founders might want to be more in the dark compared to American ones.
In Europe wealth is historically frowned upon so people might be trying to get their millions or billions in the dark and only speak and be relevant among decision makers circles.
If that's the case then those people will dominate American corporate world in the future because it's appearent that being famous only means trouble.
Besides it makes tremendous sense. Wealth gives you a megaphone but such megaphone is useless if people are able to look your speech rehersals, while you sweat,strutter and stop mid sentence.
It's my opinion that the journey of an entrepreneur who wants to get into politcs should be:
Money > Sports franchise > social relevance ..or
Money > Own Rock band > social relevance
Money > your own movie > social relevance
It's really cringy when these SaaS guys or EVs guys try to appeal to the masses. You end up being hated by those who hate the rich and ignored by everybody else
I’m not sure about the founder part (or that it really is the trend you suggest), but I think it’s pretty normal given HN is an American media property with a heavy American user base that anything foreign gets called out with that country. The same thing happens in other countries unless the subject is well familiar. For example, searching HN’s history for Bosche doesn’t label the company itself as belonging to Germany. ARM similar isn’t identified by country either. This is a new company, and typically when manufacturing is involved, the site of manufacturing is labeled (even if in the US by state).
If the founder/Investors of Northvolt had to choose, I'm pretty sure they would prefer their names in the title. Guess their names are just not famous enough, so better attribute to it to Sweden. More people probably knows who Elon Musk is than what Sweden is anyways :)
> More people probably knows who Elon Musk is than what Sweden is anyways
Musk is like a weird combination of Michael Bloomberg and Donald Trump.
He tweets like Trump, but when he gets on stage he stutters and speak as badly as Michael Bloomberg.
Regardless of what one thinks of Trump people knew him for more than being just a rich guy, he was the CEO of the Apprentice and Yankees #1 fan for a long time.
He also speaks with the utmost confidence, this is a great social skill and you can use it at will if you don't need the academics and the high IQ people on your side...in politics it's one person, one vote
US-bias is lame, but I can think of a couple counter-examples where it doesn't usually need to be mentioned: e.g. Shopify and Spotify. Could it be that once a company is successful then it doesn't come up as much?
Back in the 80s and 90s you were cherry picking the elite and the intellectuals, the internet of back then was never going to be representative sample of humanity