Redditsux

She is likely Tibetan and not ethnic Han Chinese.

This was some years ago - even before the first Trump presidency - I read a perfectly reasonable sounding piece from someone about how he's struggling as a dual-income family making $400,000 a year. There's the mortgage for the house and the summer home and the vacation condo and the kids' tuitions at prestigious schools and family vacations and the 401ks and the kids' college tuition funds and how there was NOTHING LEFT after the bare necessities!

but that contradicts the great justification for capitalism: efficient markets. Monopolies are the exact opposite of efficient markets.

I want to make a clarification here before we all get too far ahead with "16% of GDP". There are many things wrong with the way giant tech companies dominate their respective fields. However the value of a company does not equal its' share of the GDP. GDP is the OUTPUT of a country in 1 year. It does not equal the value of all the private enterprises combined which is what this comparison is trying to do. What we want to compare then, is to take NVIDIA's output in ONE YEAR and see how much of the economy it dominates. US GDP is ~ 30 trillion in 2025. Nvidia's output or revenue for current fiscal year is ~ $200 billion. That's 0.6% of the GDP. That's far cry from 16%, by about 27 times less.

What we should be concerned are the size of the market cap of these giant tech companies dominating the total value of the stock market, as well as the monopolistic margins these companies enjoy. All of these contribute to the imbalances in the world we see today - in the economies, in the society and social structure, and in politics. Communism once rose two centuries ago in protest against the concentration of power in the hands of a few. A solution is needed to remedy the imbalances of today.

Trump: (I) Made America Ass Again.

This is the end of democracy in the US.

Shortly afterward, Trump abruptly ended the meeting, refusing to allow Carney another opportunity to respond to the American press.

Pussy! He was getting out-witted before the press and couldn't stand it!

lol none that I know of.

When your own conservative judges are striking down your official acts as unlawful, you should have the self-awareness to know you've gone too far.

American court system has become a monkey court.

This is essentially adding another layer of tax or tariffs on imports, and more impediments to global trade. Basically, Trump is determined to stall trade with the world and fuck the economy.

FINALLY. One university with the balls to stand up to Trump.