Those are certainly some... examples. Not things I would hold up as a sign that PE is a good thing since all those businesses look like they are perpetually on the edge of collapse around my area. Dilapidated, mostly empty parking lots, poor service from understaffing. I think we would all be better off if those businesses died and left room for others to replace them.
Who’s preventing a competing coffee shop or burger restaurant from opening? If your area is such a prime business market, but these businesses aren’t capitalizing on it, one of your assumptions may be wrong.
It makes it impossible to share part of a business, including stocks. It also massively increases the friction of takeover by killing all employee, vendor, and client contracts, so the buyer cannot benefit from any of these without arranging for it separately. It also invalidates the strategy of leveraged buyout. But yes, it can be done in principle. Which is especially important in the "who will take over the local dentist's office" scenario - this system would heavily favor small business owners who want to do the business personally over holding corporations and PE funds.
My father had his heart in afib for over 3 months straight as US hospitals and doctors jerked him around and set appointments weeks out before they finally removed his thyroid, despite a family history of thyroid problems and having multiple previous hospital trips for suspected heart attacks, which by itself should give the obvious conclusion that his thyroid needed to be removed.
Being in afib just for a few days can cause permanent heart damage, heart attack, and death. And even once they decided it should be done, it was another 2.5 weeks before they scheduled the surgery. I don't see how anyone can think the US medical system is any good for anybody but the obscenely wealthy.
No doctor in existence would consider that an acceptable scenario, but the profit driven investors seemingly had no problem with him dieing when they had more profitable patients to serve first.
Meh, I don't see it warping people anymore than watching major news networks did and does. The only difference is instead of being force fed a certain perspective of bullshit, social media lets you fish around for your own brand of bullshit.
Decent people don't become billionaires because they recognize they already have enough money to cover everything they and everyone in their family for the next 100+ years could ever want or need.
Anyone who claims AI is going to kill us I just assume is either an idiot, not knowledgeable enough about the technology to have a worthwhile opinion on it, or is fearmongering to hype their AI investment.
Obviously many of these signatories are brilliant and knowledgeable. So that leaves some sort of investment hype. But AI stocks didn't increase in the days after the Coxon coverage; if anything the opposite. You just don't get rich by telling people that your product is going to kill everyone. Cigarette manufacturers insisted the opposite for ages. Jensen complains the AI doom talk is discouraging investment: https://ca.finance.yahoo.com/news/nvidia-ceo-jensen-huang-sa...
The history of government regulations mostly only being made in response to people dieing seems to refute that. If what you claimed is true, those businesses killing people would have gone under, rather than continuing until there is enough public outcry to regulate it.
Yeah but most of these politicians stopped using computers in the DOS era if not before. They will take whatever BS is told to them, cut it in half, and still end up with half bullshit. They have no frame of reference for anything involving computers or technology. People keep telling them LLMs are intelligent things that make conscious decisions and will soon become sentient, and even cutting that into 10% of the claim leaves them with basically zero insight into the technology or how it can be used or how to legislate it.
Our average politician is far above the age that scammers target with LLM based scam phone calls, and being a politician with wealth insulates them from reality and most consequences already, they are completely out of their depth from every direction.
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