With the industrial revolution extra demand for industrial overcapacity was created in the form of war.

After the war the US created extra demand in the form of consumerism.

China is creating extra demand for infrastructure overcapacity with its belt and road initiative.

I wouldnt underestimate the abililty of the country to creatively create demand to counter oversupply.

I was about to agree with you until i noticed that the bank was backed by peter thiel.

It seems pretty in character and it's not like there is another more plausible reason being offered.

>It seems pretty in character and it's not like there is another more plausible reason being offered.

In character of what, that Thiel is a mustache twirling villain? Did other companies backed by him have a history of banning his critics?

>It seems pretty in character and it's not like there is another more plausible reason being offered.

By his own admission, neobanks have a history of banning clients arbitrarily without recourse. My guess it's run of the mill incompetence, not oppressing Thiel's critics.

Well, he destroyed Gawker. Not that I think they were good people. But it was definitely a personal vendetta.

Gawker was a well known website with 23 million visit per month, and a Wikipedia page. This guy has 44k subscribers and no Wikipedia page. It's a stretch to go from "Thiel had a vendetta against Gawker" to "Thiel had a vendetta against this guy".

By contrast this involved flipping a switch. It was extremely easy.

If that were true you'd see much more people getting banned than one streamer with 44k subs.

You seem to be assuming that this is a large bank.

> neobanks have a history of banning clients arbitrarily without recourse.

Not just neobanks, sadly. Even old-fashioned banks like Chase do so with alarming regularity.

> In character of what, that Thiel is a mustache twirling villain?

I just did a ctrl-F on this page and nowhere was the word "Paypal" included. So I'm including it.

> In character of what, that Thiel is a mustache twirling villain?

I mean, yes? You don't amass billions of dollars with subtlety?

[1] https://www.inc.com/jeff-bercovici/peter-thiel-young-blood.h...

[2] https://theintercept.com/2017/02/22/how-peter-thiels-palanti...

(not that I think TFA here is very likely to be true)

> In character of what, that Thiel is a mustache twirling villain?

Yes, Peter Theil is a mustache twirling villain, I thought this was common knowledge?

> In character of what, that Thiel is a mustache twirling villain?

Well, yes, exactly. Sorry it's that simple & unsatisfying but it absolutely is.

>hat Thiel is a mustache twirling villain?

I mean it's pretty common these days to see that billionaires can be thin skinned little twerps that hold a vendetta. Elon Musk is the biggest example of one that shows up and talks shit when someone tries to hurt his feefees.

Now, if you're powerful but not quite as dumb as Elon can be socially, you're not going to do the work yourself. You'll have a social media management team that takes care of the work for you.

See prior comment

Autonomy, decent pay, non toxic environment and non bullshit job.

It isnt actually all that much but most devs who have all of these I've come across are happy.

Agreed. I've had this more often than not, and while every job has its little gripes, if I have those things the rest is well, just part of the job.

>You reduce development effort by a third

Done by the company which sells software which is supposed to reduce it tenfold?

> You don't casually give up massive abstraction wins

Value is value, and levers are levers, regardless of the resources you have or the difficulty of the problem you're solving.

If they can save effort with Electron and put that effort into things their research says users care about more, everyone wins.

After every time I read "save effort with Electron", I go back to Win2K VM and poke around things and realize how faster everything is than M4 Max, just because value is value, and Electron saves some effort.

That's like a luxury lumber company stuffing its showrooms full of ikea furniture.

if you self host immich, homeassistant or jellyfin you can access them while out as easily as you can on home wifi.

expiry

I remember after the Brexit vote (i.e. years before anything actually changed) there was a rash of British companies who clearly would have gone bankrupt anyway blaming their ailing fortunes on Brexit.

There is remarkably little pushback on company narratives about layoffs or ailing economic fortunes from journalists which is weird because it's more normal that they are not truthful.

The Brexit vote is nothing like this though. AI is probably the biggest corporate gaslighting exercise I've ever seen in my entire life.

There were some remarkable claims made about Brexit. The best I can recall was a bus company closing a local bus route "because of Brexit", an year or two after the vote and therefore years before it actually happened.

Also very common to blame things on health and safety, GDPR, etc.

Funny - I feel the opposite about chia. Soaked and plumped is when I hate them. Dry on salads/etc. or just submerged in an active bowl I'm eating is when I like them most - the crunch adds texture to what I'm eating.