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Cake day: June 14th, 2023

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  • They were a larger economy than sk at first

    They were a larger economy after decades of domestic rebuilding, while SK was left to languish under a brutal right-wing military dictator. Then the US transitioned the SK economy into a tech manufacturing hub and granted a handful of influential families access to the limitless low-interst credit window of the Federal Reserve. The South became a workhouse for the American retail electronics market, where Korean workers got paid pennies to work long hours in dark warehouses to make low-cost bobbles for their western peers. This allowed these six influential families to go on a construction bonanza using the leverage afforded from foreign export revenues. Cheap steel from China combined with the fossil fuels imported from Russia and the Middle East, allowed the SK economy to soar past its heavily sanctioned NK peer… on paper.

    But the real legacy of the Korean economy for its people enormous entrenched personal debts. The South Korean economy is a product of cheap foreign lending. Household indebtedness to gross disposable income ratio in South Korea from 2012 to 2022 has grown from 152% to 203%.

    South Korea’s prosperity is entirely predicated on its continued access to cheap credit and cheap foreign commodities imports. North Korea’s stalled growth is a consequence of its embargo, the continued need to deter a large military presence on its southern border, and its need to build and maintain an economy entirely within one half of a small peninsula.

    But please, go to North Korea right now and start talking shit about Lil Un

    Please go to your local police department and start screaming obscenities at whomever is on duty.




  • The NYPD is also not in constant famine, they’re one of the richest cities on the planet.

    Because they’re an international trading hub at the central of a global empire.

    North Korea is a bombed out backwater with more economic sanctions on it than Cuba, whose people spent the last 70 years gradually rebuilding after the US literally bombed them back to the stone age.

    Even then, NYers are getting shot over proximity to fare evasion. Korea’s rough, but I’ve yet to hear of anyone executed for failing to pay for a bus ticket.



  • isn’t it better to not give ultimate power over genocide or expulsion of immigrants to this supreme egomaniac?

    Unfortunately, you’ve got a Democrat running who is openly courting John Negroponte, Jeff Flake, and the Cheneys.

    If Harris puts Liz Cheney into a cabinet position, like State or Intelligence or DHS, that’s exactly where we end up. We’ve just traded a loud borish egomaniac for a quieter and more sophisticated one.

    Even if she doesn’t, there’s a murderers row of liberal-ish insiders who seem perfectly content to join shooting wars with Iran, Pakistan, Venezuela, China, half a dozen African nations, Mexico… Nevermind that proxy war with Russia we’re already in.

    unless you’re an accelerationist

    Accelerationism isn’t a philosophy, it’s a coping mechanism. You get to pretend enshittification was your plan all along and not a disaster fully outside your control.

    It’s the 😂 emoji of political thought.









  • we’re 25% non-citizens

    Refusing to give citizenship to residents isn’t a point in the country’s favor.

    That’s compared to 7-8% of the US population for example.

    If you want to get historical, the US is north of 99% migrants. But setting aside the politics of generational migration, we also have birthright citizenship and marital citizenship laws that naturalize people at a far more consistent rate. And we have an enormous territory, such that you can move from New York to California or Puerto Rico to Alaska and still enjoy citizenship.

    What do you call a huge influx of East Coasters into Texas, Colorado, and Arizona if not migration?

    Let me know when the majority of the Swiss population is French, and then you can brag about your diversity.







  • Even if they got someone to pay the subscription the entire time, that’s like 5% of the value of the car, spread over a length of time that makes it almost worthless.

    It’s a revenue stream you can collect after the vehicle is sold. Continuous cash flow means long term revenue stability for the business.

    And its the introduction of a model that can scale. Once you’ve got someone’s account information, you can sell them more shit (or just sell their data to advertisers). This is just the tip of the spear. Tesla, BMW, and Mercedes are all experimenting with Vehicle as a Service product models.

    Investors love the possibility of revenue growth, and these programs promise the possibility of high margin after market sales for the life of the vehicle.

    harmful to the brand image and customer loyalty

    Not when everyone is doing it