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naraburns  nihil supernum  1yr ago (text post)   32473 thread views

Culture War Roundup for the week of February 13, 2023

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Someone should tell Musk that since he sure doesn't seem to care and is the richest man alive.

The nasdaq and banking sector are themselves part of the free market. I also suspect you overestimate the rigidity of these guidelines anyways (someone look up Walmarts board real quick and tell me when they're going to be blacklisted), Either way, the banking sector itself has a lot of competition internationally and internally. Most startups don't finance themselves off bank loans.

These rules are loosely enforced today, but that's part of the slippery slope. It always starts with high minded, vague, non-binding commitments. Then you write some rules and some policies, but of course you're not going to be strict about them. Then when those rules actually get enforced, you can't complain - after all that's always been the rule, and nobody is above the rules.

It's worth asking - when is the right time to make a fuss? When the rule is written, or when the rule is enforced?

I think its good to make a fuss. I just think this is all a bit exaggerated. There are specifics which are more or less problematic.

The existence of rare entities able to resist coercion does not disprove the general effectiveness of coercion. Most businesses are not Wal Mart. Most businesspersons are not Musk.

I don't expect that either are outliers. I suspect boards pretty closely match upper middle class demographics of whatever region predominates their recruiting pool. Go google Microsoft's board. I bet it's mostly white people because Seattle is very white. Likewise, I bet Ford is very white because midwestern upper middle class people are almost all white.

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