#crony-capitalism

#crony-capitalism

Defense Secretary Pete Hegseth took the unprecedented step of designating a U.S. firm-Anthropic-as a supply chain risk. Anthropic's crime? It refused to violate industry-wide protocols against using AI for mass surveillance or autonomous weapons. Hegseth's designation, which has until now been reserved for foreign firms, bars U.S. military contractors from doing business with the company.

"This administration has definitely made missteps in choosing decisions or courses that have been very, very enriching to the families of those in the administration,"

This is the discussion I used to have with Elon all the time. He'd come in the West Wing. He'd want all these guarantees on the button. I said: Dude, you don't understand. You're asking people that make 42,000 bucks a year to essentially get all these tax breaks.' They're financing what the venture capitalist should finance, so therefore, you're gonna own less of Tesla, right? Their returns are gonna take longer and maybe be lower, so they're gonna want even more.