Trudge [Comrade]

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Joined 1 year ago
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Cake day: June 22nd, 2023

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  • Let’s be honest. If China became a liberal democracy now and keeps their economic trajectory, would the US really be cheering them on? When it means that China’s GDP will surpass that of the USA in about a decade and double that of the US in two more decades after that? Will America be okay with China becoming the leader of the free world and become China’s junior partner a la Britain?

    The honest answer is no to all of the above questions. The strategy has never been to hope that China turns liberal when they get rich and powerful because America doesn’t want China to get truly rich and powerful. China’s political system is of secondary concern for the West. Their increasing wealth and strength is what really bothers the US.







  • The shareholder’s lawyers argued that the compensation package should be voided because it was dictated by Musk and was the product of sham negotiations with directors who were not independent of him. They also said it was approved by shareholders who were given misleading and incomplete disclosures in a proxy statement.

    The compensation agreement itself is suspect as Musk himself had over 1/4 of the total voting share and other directors were controlled by him as well. As an example, a shareholder who holds 51% of the shares can’t just choose to legally print himself more of the stock at the expense of the 49% and that is what the lawsuit is alleging.





  • Those who still desire to move there for work have struggled to find jobs owing to the city’s slow economic recovery and changing language requirements. “Every job I applied for required Mandarin, especially in law,” says a woman who trained as a lawyer in Britain, but moved to the city to work as a financial analyst.

    “International City” is just a euphemism for a city where you never have to interact with locals and learn their languages.









  • “We will make efforts to see outbound shipments of semiconductors, the country’s No. 1 export, reach $120 billion this year,” Minister of Trade, Industry and Energy Ahn Duk-geun said. “The new mega cluster’s success will further spread to other parts of the nation and become the world’s leading chip hub.”

    To whom can they sell? China was their biggest customer but now the USA is not letting South Korea sell to them. It’s not like demand for raw chips magically spring up just because you make more of them.