No bailout is fine but I think the gross thing about this is it's clear they also hope these companies fail.
The reaction to Charlie Kirk's murder (not even the murder itself, but the celebration of it) made it the most shocking political event for me personally, in my lifetime. And it seems like it might be like this from now on - ripping things apart, destroying lives, and then cheering about it.
I haven't seen anything comparable for Hortman but if I had, I agree I would find those incredibly disturbing too.
it was more shocking than when multiple state legislators were gunned down and the shooting was blamed by Trump on Marxists? Or when Rob Reiner was shot by his son and Trump implied he had it coming?
nobody is trying to tear down AI companies. but there is a general reaction to companies and their leaders who imply that 'risk to civilization is non zero', or they need unemployment is likely, while pushing for the state to backstop them.
This take fails on even the most basic reading.
Political riots and Trump being a scumbag are well integrated into my worldview.
My coworkers making gleeful cracks about a podcaster bleeding out in front of his toddler was new information for me. I didn't realize we were so far gone.
Google and facebook are the face of the destruction of privacy. On every announcement that gets posted of Google doing yet again something that increases their control over what you do, in order to serve more ads, people always comment about wanting it broken up.
Hate and distrust of the tech industry is probably the most common opinion across all demographics, other than SV residents I suppose.
The politicians rising through the ranks now lived through 2008 as young adults, and they watched politicians cutting checks to companies who ruined the economy, only to emerge richer; while regular folk got foreclosed on and never recovered. They heard the rise of the phrase "too big to fail".
Well now we have a group of companies that clearly want to be too big, so now is exactly the time to make clear to them they aren't too big to fail. Maybe, just maybe if they know they can't count on a UBC bailout on the other side of a bubble pop, they will act a little more responsibly (which they have not demonstrated they're capable of that to date).
What does "act responsibly" mean in this context?
In terms of "act responsibly" what I mean in this case is the perception that there's a lot of money flowing in circles here, where customers are investors and investors are customers and competitors. That's how I see this whole party crashing down if it does, if there's too much creative accounting going on when the music stops, some companies might not find a chair to sit on.