this ring a bell?
The presenter guy is on a stage in a video. He has a slide deck. The presentation is about preparing for hyperinflation or worse. He was saying that at the beginning you’ll start to see odd things happening [due to new deeper corner cutting in various industries. I would say that Boeing doors blowing out and container ship destroying a bridge would count]. His recommendations were very practical - get a house on some land, get bch, and (at the end of the presentation, almost a PS) get a gun and ammo and training.
so the presentation was bch forward, only slightly preppery, but most importantly prescient.
I would like to watch it again and “follow” to see if he has updates.
TBF Boeing's issues are more about their cost cutting CEO and issues go back more than 20 years with the merger with McDonnell Douglas and the massive culture change that took place. We are just seeing the results after years of whittling away in the name of share holder profits.
Yeah, I think that is how we have lost our way. The longevity of a company and its name/quality are only marketing as you can extract as much value as possible as you grind it into the earth short term and then dump the IP onto the guy that specializes in "revitalizing" said IPs. There needs to be a name for this kind of scheme. Short term shareholder focus reverse pyramid scheme.
notice that this is only a USA thing. (and maybe wannabe ones copying it). There is a practice that allows the shareholders to sue the company if the company practice isn't generation max value. This is not standard practice and the entire concept is alien (luckily) to most businesses around the world
Laws like that are the result of a never-ending competition between honest and dishonest actors in society. The problem they were originally trying to fix is the bad actors managing a company accepting investment and stealing it. If they pass new laws to stop the abuse caused by requiring corporations to maximize shareholder value, then it will work for a short time before the bad actors find a new way to cause trouble.
Insightful but you know the issue with laws, the bad actors tends to find ways of breaking them!! Thereby maintaining the never ending competition
I agree with the basic concept of what you say. but my point of view is that laws broke the market system, more laws isn't a solution. The solution is to accept that in a free market people lose money as well as make money. And those that such a law protected should not have been protected at the cost much greater to the whole of society. the fix is to make companies that cheat their investors go broke.
Love the send paragraph where you wrote more law is the problem! Possibly in 2nd and first world countries this application would produce great result Nice view
Your point of view is the standard tenant of libertarianism: problems are caused by bad systems and if bad systems are replaced by good systems then the problems will be solved. The track record of this approach to solving problems leaves much to be desired. An alternate approach: problems are caused by bad people and they are solved when good people acquire the power to suppress the bad people has more going for it in terms of historical precedent.
Historical precedent written by those in control?
Everything boils down to those in control!!..
that view has way worse of a track record at scale than trying to fix systems lmao
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