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Joined 1 year ago
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Cake day: June 19th, 2023

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  • public companies do not necessarily have a Fiduciary duty to the shareholders, let alone one to increase value. Any that they did have (based on the laws and how they are incorporated in a given jurisdiction) would also be applicable to a private company. Private companies also have shareholders, the shares are just not traded publicly.

    You’re probably thinking of the theory of “Shareholder Primacy” but that is a theory not a legal reality, although some insist it is based on a questionable interpretation of the precedent set by dodge vs ford motor company.

    Public companies can be run in what ever way the board/shareholders see fit.




  • I love the flying car example because it reveals a huge issue with the whole “tech will get better” idea. People are still trying to make flying cars happen but it’s running in to the same fundamental issues; large things that are mechanically complex, energy intensive, and moving at high speeds in a crowded urban environments are just too expensive and dangerous.

    There is no way around the physical realities, no clever trick or efficiency that will push it over some threshold of practicality.









  • Clinton did win the primary (even without super delegates), so “forced on democrats” is only true in a sense. She was certainly the preferred candidate of party leadership, and they did everything they legally could to help her win. Major center and center left news outlets also seemed to do everything they could to help her win.

    But I don’t think harris is any better in that regard. She has not won a primary, Clinton at least managed to win the primary. Arguably Harris has been even more forced upon Democratic voters.

    I suspect that this is going to become a huge issue and talking point later on.



  • I don’t care much for good personality in politicians, plenty of politicians with great personalities have gone on to do awful things, plenty with awful personalities have done great things. I care far more about the issues they campaign on and policies they’ve pushed through in the past.

    Haris seemed to drop and pick up policy positions during the 2020 primary purely based on what her team thought would advance polling numbers. Which makes me skeptical of any claimed positions without concrete evidence of commitment.





  • They talk a lot about the housing crisis in California as the result of over regulation of development, but I think that’s only part of the problem. Even if you stripped out all of the regulations that slow down the process, I doubt we’d be in a much better place in a few years.

    Rather we’d have a bunch of new shiny buildings sitting nearly empty because they were built as assets more than as homes, and filling them would depress the price of housing and thus decrease the value of them as assets.

    We see this in places like Vancouver, and all over china. China built housing like mad, way to much even, and yet, the cost to buy a house or rent is still sky high in the places people need to work for their jobs.

    There is a shortage of housing, and we do need to build more capacity, but, we need to choose how and where we build based on a larger number of metrics than what traditional for profit developers are willing to consider.