AI Too Big To Fail: Crony Capitalism Is Destroying Capitalism!

Couple of reports from two of "America's fraud capitals"

We’ll bet that the fraud alleged in the attached video happens all over the place and not just in Minnesota and California. *We’ll be back with a weeky crony wrap next week. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit againstcronycapitalism.substack.com/subscribe [https://againstcronycapitalism.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

Leaked Pentagon Doc, "Overmatch Brief" Says US Loses To China In Taiwan Battle

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit againstcronycapitalism.substack.com/subscribe [https://againstcronycapitalism.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

Life Is Expensive (And Government Makes It More Expensive)

We are told time after time that government intervention will make things more affordable, yet time after time it does exactly the opposite. We take a look at a report on the post millennial economy from AEI. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit againstcronycapitalism.substack.com/subscribe [https://againstcronycapitalism.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

AI Too Big To Fail: Crony Capitalism Is Destroying Capitalism!

Sam Altman says that AI is essentially Too Big To Fail. In the end, if an AI bubble bursts, the US government will be there to bail the industry out. He and and his buddies will be insulated. Nothing to worry about. It is this kind of attitude that makes many young (and not so young) people throw up their hands in exasperation. If the crony system, essentially socialist capitalism for the rich and the connected, is structured to make the rich richer via the state, why not look to the state to provide basic needs? If capitalism means cronyism (it doesn’t, but this is the perception of many) why not vote to get one’s (meager) piece of the pie just like the connected guys? This is the kind of thinking that motivated many of the people who voted for Mamdani on Tuesday. They made what can be considered a rational choice. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit againstcronycapitalism.substack.com/subscribe [https://againstcronycapitalism.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

Who Is To "Blame" For Any Mamdani Win In New York City?

Mamdani appears to have run a campaign focusing on the economically and politically ignorant. But he has also been disciplined when his opponents have not been. He has hustled when his viable opponents have not. As a result, New York, one time cradle of capitalism, may soon be run by a completely out of the closet Marxist. Additionally, New York, the second largest Jewish city in the world, may soon be run by a strident enemy of many (all?) things Jewish. South Florida real estate agents wait by their phones patiently for final election results. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit againstcronycapitalism.substack.com/subscribe [https://againstcronycapitalism.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]