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Joined 11 months ago
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Cake day: August 15th, 2023

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  • More specifically, Reddit notes in its S-1 that, as an emerging growth company, it will:

    • present only two years of audited financial statements in the S-1,
    • not be required to obtain an auditor’s attestation report on the company’s internal controls over financial reporting requirements of the Sarbanes-Oxley Act,
    • provide less extensive disclosure about executive compensation arrangements, and
    • will not require stockholder non-binding advisory votes on executive compensation or golden parachute arrangements,

    That sure sounds like a solid investment

    Also, the two classes of shares (new shares get 1 vote per share, existing shareholders get 10 per share)… what the fuck. Why would anyone buy that shit



  • Im worried that China isn’t content with that. Their stated goal is to become the next global hegemon, and we can see that they desire to establish their domestic rules abroad as well.

    Around the world they establish secret police stations to monitor their citizens living abroad, and to ensure their narrative is dominant in western media (most recent examples: China bitching about unfavorable reporting in Canada, and the completely insane agreement Hungary made to give Chinese police actual law enforcement powers in the country.

    Also, two competing spheres in the past developed into the Cold War. I’m not really keen on another super polarized world flirting with nuclear war.


  • I don’t necessarily believe the United States will collapse, but we can already see that it is becoming an increasingly unreliable partner that basically flip flops on all positions depending which party is in control. They are also seemingly weary of their role as global hegemon, adapting a more isolationist and inwards oriented position.

    This doesn’t mean that the u.s. will break down completely, but I could see some secessionist nonsense happening in the near future, or the looming slip into religious fascism. The country has massive internal problems that hamper its ability to maintain its role as global player, aside from their direct interests.


  • I don’t understand how this is news to anyone. China is playing a long con game ever since the modern world order had settled. They instrumentalize capitalism against the west, keeping their corporations tightly aligned with the government and its objectives.

    The first step was to appropriate the western technological advantage by providing cheap labor, but always in a partnership construct which allows them access to the actual know-how. This works/worked out perfectly for them, knowing the uncontrolled, solely motivated by greed, western corporations would be unable to resist the short term gains.

    The next step was to create western economic dependence on the now largely outsourced manufacturing, giving them increasing leverage to buy into strategic assets all around the world, particularly in former third world regions.

    Obviously the next step is to throw out the westerners now that they served their purpose and their economies depend on China. This allows them to build upon the acquired technological know-how and the secured assets, giving them eventual technological dominance over the rest of the world.

    With the United States slowly collapsing in on itself the only hope left for the west is for Europe to get their shit together and truly integrate into an actual global player.