I’ve been somewhat ambivalent about this but I think on balance this view is correct. Equity stakes are a costly and roundabout way for the public to exercise authority over businesses - much better to just tax and regulate them directly.
There are two big drawbacks to Bernie Sanders' plan to take stakes in AI companies to create a sovereign wealth fund:
1. We don't need a sovereign wealth fund.
2. You are going to make normal people view themselves as investors in AI companies, which is bad.
www.hamiltonnolan.com/p/an-ai-fund...
The elimination of shared governance at universities is directly connected to the consolidation of power and degradation of democratic institutions that we’re seeing at the national level
Appropriate. By putting his body in the path of the president's Cadillac, he was stifling the free and open exchange of ideas on campus
Brazilian BlueSky up in arms: "Trump will impose a 25% tax on Brazil if the country doesn't end PIX." PIX is a very widely used instant money transfer and payment system organised by the Central Bank, without fees, thereby cutting out the banks. US banking interests are appalled. Here we go again.
It’s been brought to my attention that the Economist cover story is blaming Gen-Z socialism on “an influential group of socialist academics” led by @isabellamweber.bsky.social.
Turns out Gen-Z got radicalized by … our analysis of corporate earnings calls.
Huge if true!
Cornell Graduate Banned After President Hit Him With Car https://bit.ly/4viG6Cj
JW Mason
Benjamin Braun
You can either have the challenge system or you can have games tip off at 8:52 pm. You cannot, in all conscience, have both
