jack_tripper
Competition is meaningless when they're all owned by Blackrock and Vanguard to an extent. They can easily sacrifice a brand to test the waters, knowing consumers will move to buy from their other brands which the also own.
Well then I guess we should just tear down the planet, the environment and society, burn, sell and grind to a pulp everything that isn't nailed to the ground for profit, and give everyone a cut, future consequences be damned.
And no, the stock market is not "society", it's only the top 10% rich people who can afford to own a seizable share in the stock market.
Here's the stock market distribution by wealth brackets that explains what I mean:
| Household Wealth Percentile | Share of U.S. Stock Market |
|--------------------------------|----------------------------|
| Top 1% | ~49.9% |
| 90–99% (next 9% of households) | ~37.3% |
| 50–90% (next 40% ) | ~11.8% |
| Bottom 50% | ~1.0% |
|--------------------------------|----------------------------|
| Top 10% (total) | ~87.2% |
1% own half the country's wealth, the top 10% own 87%, while half the country's population are just labor cattle for the stock owners and own almost nothing. All their labor earns them no stake in the stock market you claim represents them.
If you're not in the top 10%, you are literally fucked, but being on HN you probably are in the top 10%, which is why you feel like the system works ... for YOU.
> Don't you have a 401(k)?
I live in Europe, so no. Our retirement will be paid by the migrants coming here.
Edit: downvoters, would you mind explaining with some argument why the hate?
This. Jobs that were previously contract employment jobs that came with health insurance, workers rights and social security and were mostly taken by youth as part time jobs to fund studies, are now turned into gig jobs where you get none of those things and are mostly taken by migrants who live 10 in an apartment and send the money home.
Gig work used to mean that you have several customers you bounce around for doing part time gigs, not you work full time for the same tax dodging Amsterdam based food delivery company who doesn't want to hire local workers on employment contracts to evade labor laws and liabilities.
How does this benefit society? It only benefits the capital owning class. Why isn't the government regulating this gig industry abuse? It's literally what its job is.
You don't have to guess. Search today is so good enough that you can just ask to give you "all the cases of Jewish financial fraudsters in Eastern Europe that fled to Israel". That's how I got those names. Do you think I have reserved space in my head for names I heard once 20 years ago?
>Do Russia and Moldova have Extradition Treaty with Israel?
How about you start Googling basic stuff for yourself and then tell us what you found out. I'll leave the conversation here to save my time and sanity since you're obviously just stringing people along in bad faith as you already made up your mind a long time ago and aren't interested in any productive debate or conversation so nothing I say will change your mind. It doesn't matter how many answers I'll give you, you'll just come up with more gochas and nitpicks.
Conversation and debate means "here's the information I found, here's my opinion about it, tell me what your opinion is", and NOT "go find me the information that I'm requesting, then come back to me so I can give you my opinion on it".
Let's focus on the other part you said, "waiting 1 year" if it's not urgent. 1 year sucks no matter how you spin it around.
152 TB is something nerds self host in closet home labs, no need to tie yourself up to Google. I though people went to google for solutions with much more scale than just 152TB.
I did a quick check and for a name-brand (but not DELL or HPE solution) 200TB self hosted server with redundancy you're looking at 16K USD upfront cost and then you need to add your own maintenance and support costs which shouldn't be too high with Brazil labor costs and university's easy access to (often voluntary) skilled labor.
From what I can gather this is still cheaper than paying Google.
Oh, I'm sorry, is running a Google search too much?
Vladimir Gusinsky Russian media tycoon charged in 2000 with large-scale fraud tied to privatization of state assets. Arrested briefly in Russia, then fled to Spain and subsequently to Israel in 2001, where he obtained citizenship and lived for extended periods. Extradition requests (including from Russia via Greece and Spain) were denied or rejected; he used Israel as a safe haven.
Leonid Nevzlin Major Yukos oil company shareholder and executive. Charged in the early 2000s with embezzlement, tax evasion, fraud, and money laundering related to Yukos operations and privatization deals from the 1990s. Fled to Israel in 2003, granted citizenship; multiple Russian extradition requests denied by Israeli courts (e.g., in 2006 and 2008). Lived openly in Israel for decades.
Other Yukos-associated figures (e.g., Mikhail Brudno, Vladimir Dubov, and minor shareholders) Partners or shareholders in Yukos accused alongside Nevzlin and Mikhail Khodorkovsky of embezzlement, fraud, and tax-related crimes stemming from 1990s privatizations. Several fled to Israel in the mid-2000s, obtained citizenship, and avoided extradition; Israeli officials reportedly stated they would not extradite such oligarchs to Russia.
Ilan Shor (also spelled Ilan Șor), an Israeli-born businessman and politician. Involved in the 2014–2015 "theft of the century," a massive fraud and embezzlement scheme that siphoned approximately $1 billion (about 12–14% of Moldova's GDP) from three Moldovan banks through fraudulent loans and money laundering. Convicted in Moldova in 2017 (initially to 7.5 years, later increased to 15 years in absentia in 2023) for fraud and money laundering. Fled to Israel in 2019, where he has lived in exile, leveraging his Israeli citizenship (he was born in Tel Aviv). Israel has consistently refused or not acted on extradition requests from Moldova.
Yes, I'm sure it's nothing special and just a coinkidink why all these financial fraudsters flee to Israel and not to Sweden, Canada, Australia or Japan.
The reason this happens is Israel gives easy citizenship to people just based on being of Jewish heritage, so these Jewish fraudster from all over the world abuse this, make a big hit somewhere, then flee to Israel with their illicit wealth for citizenship and protection.
If it's not lying then it's another word that ultimately still does the same outcome of putting you ahead of the rest.
That's modern academia for you.
What was bad faith? I told you what happened. I was sarcastic because your comment was redundant and didn't add anything to the conversation, only instigating.
> and provide further information explore what happened
How does that change the situation? Are you the head prosecutor of Israel and looking to rectify the situation?
>what you think Israel should do differently?
Extradite them or put them in jail over there and stop being a safe heaven for criminals.
Anyway, do you not realize the fault with the system in your logic? Because if everything becomes urgent in order to bypass queues, then nothing is urgent anymore.
It doesn't fix the problem, you're just scamming the system to get ahead of the problem.
Same thing happened in my post communist country and the neighboring country too. Perp stole tens of millons through a banking scam in the 90s, then fled to Israel because he was Jewish and claimed persecution.
At which point should the pattern be acknowledged?
Socialized systems don't work without abundance. How you generate that abundance is orthogonal to socialism since even countries that are wealthy on paper suffer from shortages and long waiting times in public healthcare leading to a gray-market of using connections to get ahead or more private use.
Long term I'll be dead anyway. To me the the actions taken in the present is most important that what maybe might happen 30 years from now since that's why everything is fucked in Europe, because everyone coasts on hopium for the long term instead of fixing the present.
>Evidence: the vast majority of European countries who have socialized medicine and seem to be doing fine.
That evidence of socialism working well, only works as long as there are enough resources to cover the needs of most people, basically some of the wealthier European countries.
But when those resources become scarce due to poor economic conditions and/or mismanagement, then you'll see the endless queues, black margets and nepotism running the system.
Evidence: former European communist countries who experienced both systems and where in some, nepotism to bypass lists still work to this day.
There definitely are lists. You don't just get the surgery or therapy you need the next day. You get the next free slot in the list of people queuing at the hospital/practice that still has free slots.
For example the first appointment you can get at my state funded therapist if you call today, will be in june. How is that "not a list"?
Or like, if you call most public GPs in my neighbourhood, they'll all tell you they're full and don't have slots to take on any new patients and you should "try somewhere else". How is that "not a list"?
It's not just the hygiene. it's that in those shelters you're constantly surrounded by a few mentally ill and possibly violent people who will lash out in unpredictable ways and make life worse for everyone with their constant tics and noises making you live in constant anxiety.
If you're homeless but not mentally ill yet, then being in such an environment everyday will definitely negatively affect your sanity as your daily struggle becomes surviving the shelter, instead of working to getting back on your feet. Kind of like being locked up in a prison but from which you can leave.
So then no wonder a lot of homeless people feel safer and less stressed just living and sleeping in public areas than in shelters.
A lot of buildings in Austrian cities are still heated by burning oil or wood and the whole city smells like a bonfire.
Probably gonna have my lifespan shortened by at least a decade from all that fossil fuel pollution, but at least we banned that dirty nuclear from killing us.
Germans also said the same thing about Chinese EVs in 2014. They ain't laughing now, especially in Dresden.
Zhaoxin makes X86 and countless make ARM and RiscV chips. SMIC being a foundry.
> The Chinese Microsoft?
Baidu, Tencent, Alibaba, ByteDance.
>The Chinese Boeing?
Comac makes passenger and Chengdu fighter jets.
>The Chinese NVIDIA?
Huawei makes AI GPUs.
>People forget that the US is still the #2 manufacturer in the world
Considering the US never had its industry blown up in any war and could reap the benefits of 150+ years worth of stability, higher education, skilled immigration, compounding wealth, and taking over the vacuum and brains of Europe's post-war industrial powers, that's not really something THAT impressive.
>and that's (apparently) without halfway trying.
If it isn't halfway trying, why does it feel the need to sanction or ban chinese competitors?