Consumers are feeling significantly less confident about the future state of the US economy.
    • skuzz@discuss.tchncs.de
      0·
      4 days ago

      Problem is, they don’t know how to run businesses either.

      Muskrat:

      • Had daddy’s money to get him going, and was in the US as an illegal immigrant (sure, tries to revisionist history the situation now.)
      • Tesla: He came in after it was established, demanded to be revertigo’d to a founder, all cars were iterations on the original design until the CyberCuck.
      • SpaceX: Musk founded it, but he didn’t do anything other than bitch at smart people. If you have money to burn and smart people working for you, you’re not innovating, you just have enough spaghetti to throw against the wall until you fix the problems that would have inevitably solved anyway.
      • Boring Company: Just a scam based on something he saw on SeaQuest DSV when he was a kid to stop California from building surface high speed rail, oh, and a stupid blowtorch a child could have made in a garage.
      • Starlink, sub of SpaceX: Likewise, spaghetti, and probably some weird fever dream of being a James Bond supervillain.
      • A lot of what made Tesla, SpaceX, Starlink possible, was that he circumvented traditional engineering development processes to apply software development processes. (Likely because he had no idea and thinks he’s being “out-of-box” and “cyber”.) This leads to much more danger and waste, as software dev principles are absolute garbage for things that matter. That corner-cutting and money-burning, however, allowed him to develop faster than the traditional companies. Net-sum, maybe it has helped push innovation. However, when a space capsule gets lost in the atmosphere because of a bug in ImageMagick, people will probably rethink that idiocy. (Or all the people that have literally died because of defects in Tesla cars, already. Which is sad and anger-making. Just the fact they turn off auto-drive, including braking, just before a car wreck, to escape liability, is deplorable.)

      Mango Mussolini

      • Had mommy’s money to get him going
      • Had 5 successful buildings built, mostly in the 1980s
        • At least three of them had fraudulent financial statements, inflated valuations, and inflated tax losses
      • At least four failed building ventures
      • Had a failed “university”
      • Failed vodka business (how hard is that, right?)
      • Failed steak business (LOLWAT)
      • Failed airline
      • Failed board game

      Not an exhaustive list.

    • snooggums@lemmy.worldEnglish
      0·
      4 days ago

      The government should offload its debts into a shell government and let that declare bankruptcy!