Econ professor espousing on the stock market lol. As someone with a couple dumb fancy Econ degrees and whose career has been quite good in the stock market, this comment made me laugh.
One framework I like to use is, “If this thing didn’t exist today, and someone proposed it, how would people react to it?”
I think it’s fair to say that if none of this existed today, and someone proposed that the federal government simply give universities like Harvard seemingly endless billions, it would be laughed out of existence by republicans and democrats alike. All of this is the product of inertia at best, corruption at worst. It’s a different world today and we don’t need our tax dollars going to these places.
Now apply this to every private business and their hiring practices and let me know how things shake out and whether people are happy about the results.
The author wrongly implies that if Center Parcs was just owned by a public company or an individual, that those controlling entities would simply not care about making a profit and wouldn’t charge the prices they do. Author also ignores inconvenient facts such as how the private equity firms actually spent a lot of money upgrading parks in order to make them the desirable locations they are today. I suppose author would’ve preferred they be kept in disarray but cheap?? I could go on but no point. This kind of left wing economic ignorance (redundant?) is tiring but sadly expected. Private equity isn’t perfect but it’s been made out to be some sort of bogeyman it’s demonstrably not.
I have no idea whether Katherine Maher is currently or was some sort of intelligence agent or not, though having seen the fact pattern the theory is far from crazy. What I do know is that she is a stereotypical insane phony wokie (I don't think she genuinely believes any of this stuff, it's just good for business and her bank account and status) and that alone disqualifies her from running anything other than a soup kitchen in my book. NPR makes the ACLU look like it's staying true to its mission.
Raise prices on what? There are barely any revenue generating AI products with a line of paying customers. I look around an I still don’t see anything. At the end of the day there have to be viable business models at the end of the line in order to support all this otherwise this too is just a house of cards.
The ripple effect from our unhinged covid response continues to be felt in countless places, from school absenteeism to downtown office space values to public transportation and on and on. We created new habits that are hard to break and naturally none of the hysterics who tried to unwind society gave any thought to anything besides trying to temporarily feel “safe.” There’s always a tradeoff…