The only 'systemic' risk is to venture capital, which the US govt cares a lot about. VC money is why the US has been able to win the past 20 yrs, you realise that? Who funded Google, MSFT, Meta and so on..
>VC money is why the US has been able to win the past 20 yrs, you realise that?
win at what? 98% of Americans aren't going to care if a meteor drops on SV tomorrow. The day FAANG is done I'm throwing a party. I wish that incestuous industry would finally kick the bucket, 95% of American programmers don't even work there.
Do you seriously think anyone's shredding a tear if Zucc's net worth drops to zero and that privacy nightmare of a company is gone? Don't threaten me with a good time
American venture capital and by extension US power (because the expectation is this is re-invested) means that it has to be allowed to happen whether you and I like it or not.
This is the entire game if you zoom out.
Exit -> Recycle some of the money so USA stays ahead. That is the entire game, you see it right...? I hope you do.
That only works long-term if the companies produce real value. Historically speaking, the venture cycle had a lot of failures (and they were allowed to fail) and a few successes, but those success were real and created value internationally.
Spacex is transparently a scam to steal from people's retirement accounts. Normally, that would be a thing that wouldn't be encouraged by regulators, and our president wouldn't have participated in the scam. Times are not normal.
