Boeing's 787 "Dreamliner" is manufactured far from the company's Seattle headquarters, in a non-union shop in Charleston, South Carolina. At that shop, there is a cage full of defective parts that have been pulled from production because they are not airworthy.
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Boeing's 787 "Dreamliner" is manufactured far from the company's Seattle headquarters, in a non-union shop in Charleston, South Carolina. At that shop, there is a cage full of defective parts that have been pulled from production because they are not airworthy.
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Anything that can't go on forever eventually stops. Monopolies are intrinsically destabilizing and inevitably implode...eventually. Guessing *which* of the loathesome monopolies that make us all miserable will be the first domino is a hard call, but Ticketmaster is definitely high on my list.
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It's not that event tickets are the most consequential aspect of our lives. The monopolies over pharma, fuel, finance, tech, and even beer are all more important to our day-to-day.
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Now, there's a hypothetical way to resolve these contradictions, a story much beloved by advocates of America's wasteful, cruel, inefficient private health industry.
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One of my weirder and more rewarding hobbies is collecting definitions of "conservativism," and one of the jewels of that collection comes from @CoreyRobin's must-read book *The Reactionary Mind*:
Robin's definition of conservativism has enormous explanatory power and I'm always finding fresh ways in which it clarifies my understand of events in the world.
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This is huge: yesterday, the @FTC finalized a rule banning noncompetes for every American worker. That means that the person working the register at a Wendy's can switch to the fry-trap at McD's for an extra $0.25/hour, without their boss suing them:
The median worker under a noncompete is a fast-food worker making close to minimum wage. Guess who doesn't have to worry about noncompetes? Techies in Silicon Valley, because California already banned noncompetes, as did CO, IL, ME, MD, NH, ND, OK, OR, RI, VA and WA.
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If AI has a future (a big if), it will have to be economically viable. An industry can't spend 1,700% more on Nvidia chips than it earns indefinitely - not even with Nvidia being a principle investor in its largest customers: