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JWcph, Radicalized By Decency
JWcph, Radicalized By Decency
@jwcph@helvede.net  ·  activity timestamp 7 days ago
Cory Doctorow
Cory Doctorow
@pluralistic@mamot.fr  ·  activity timestamp last week

Today's threads (a thread)

Inside: A perfect distillation of the social uselessness of finance; and more!

Archived at: https://pluralistic.net/2025/12/18/self-licking-ice-cream-cone/

#Pluralistic

(This is the last edition of Pluralistic for the year - see you in 2026!)

1/

RE: https://mamot.fr/@pluralistic/115741140127447609

This is why, as I ranted about the other day, the Danish national news will gleefully & uncritically report on the "failure" & "slaughter" of Novo Nordisk, on account of losing a lot of stock value - nevermind that the company rakes in billions in profit from its business of actually selling medical products; the gamblers don't like it so the CEO & thousands of workers have to be fired...

It's utter, untenable insanity.

#capitalism #finance #business @pluralistic

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Richard Mischook 🇨🇦
Richard Mischook 🇨🇦
@rmischook@mastodon.world replied  ·  activity timestamp 6 days ago

@jwcph @pluralistic I’m reading The New China Playbook by Harvard-educated economist Keyu Jin. It’s an interesting book but one of the author’s more baffling arguments (IMHO) is that the Chinese stock market’s lack of western-style growth is a deficiency in their capital markets, and that China would benefit from the likes of Blackrock or Goldman Sachs operating in the country. When I look at the achievements of China over the last 40 years I’m astounded that anybody would make such a claim.

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