Earlier quoted context omitted.
[flagged]
There is no evidence that Elon Musk is a Nazi.
A Nazi salute isn’t evidence of Nazism, just as smoke isn’t evidence of fire when you really like the building.
SpaceX bond worth 10% less than issue price – heading for junk bond status
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Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#292Earlier quoted context omitted.
Ah yes, because capitalism in it's purest form would never have companies form monopolies and lobby governments for favorable legislation.
Where does capitalism mandate corruption? Yes, it is not realistic to assume there is no corruption, but capitalism in and by itself does not mandate corruption. Obviously this all falls apart when capitalism can buy legislation. We are seeing how the USA is currently eroded by a few oligarchs.
They're not saying it 'mandates' it as law, but that the systematic incentives inevitably lead to corruption. The ability to buy government is irrelevant - this is just the easiest method right now of converting money into power. If there was no government to buy, private business would execute that conversion themselves by ruling over people and enforcing their wishes directly.
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#293Earlier quoted context omitted.
Ah yes, because capitalism in it's purest form would never have companies form monopolies and lobby governments for favorable legislation.
Where does capitalism mandate corruption? Yes, it is not realistic to assume there is no corruption, but capitalism in and by itself does not mandate corruption. Obviously this all falls apart when capitalism can buy legislation. We are seeing how the USA is currently eroded by a few oligarchs.
Anything that involves humans will have corruption.
Society needs somethings to try to stop corruption wehther government rules or non government actions.
Under pure capitalism what stops this?
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#294[flagged]
The guy's vision is a world where children don't get the medicine they need and fascism rules (he gave a nazi salute, unironically). DOGE has killed people. Has killed children.
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#29510% drop 1 month after IPO is normal for a stock. It doesn't mean it's heading for junk bond status.
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#296Good thing there's a strong corporate governance model at SpaceX where the c-suite is fully accountable to an independent board of directors, who could use their majority voting power to remove that c-suite at will. Could you imagine the abuse of power that could happen if one person held over 50% of the voting power at such a company?
You dropped your "/s".
This is not reddit, people actually read and understand sarcasm (most of the time)
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#297The worst about the SpaceX IPO is Nasdaq changing their inclusion rules for the Nasdaq 100. The index fast-tracked SpaceX stock for inclusion 15 days after the IPO, instead of the normal three-month seasoning period. They also changed its 10% minimum float rule to a 3x weighting boost for low-float stockss. So many people will unwillingly and prematurely invest into SpaceX, before it has any chance to discover its re…
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Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#298Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#299Earlier quoted context omitted.
True capitalism has never been tried. This right now is crony capitalism.
Sounds like no true scotsman. Remember kids: socialism is judged by how it failed in real life, capitalism is judged by how perfect it is in theory
The term "capitalism" was literally only created for the purpose of writing criticisms of the (then) current system of markets/trading/taxing/investing.
Try actually defining capitalism in a way that doesn't apply to basically any random society since the dawn of agriculture.
Stuff like people buying and selling items using a currency for a price the individual chooses has been common to basically every human society we have written records for.
The formalization of the process of buying shares in a company and receiving dividends/profits as a result is a bit newer, but the general concept of "I give you money, you use it to make something and sell it then give me money back" has been around for roughly the same amount of time as currency itself.
Anyways, my point is that there is a lot of things to criticize about our current world/economy, using the term "capitalism" while doing so is too vague to be useful in any way.
(Communism/socialism does have more of an actual definition, but very few people are aware of or use it, so it doesn't help all that much).
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#300Earlier quoted context omitted.
So, the inclusion rules are basically "these are the hard limits that specify which stocks are eligible, unless someone really big and lucrative comes along, in which case it's whatever and we'll just adjust the rules to make them eligible"?
Isn’t that how capitalism works in general? Edit: thanks for the downvotes. Defenders of capitalism unite!!! lol. Free market right?
The beauty of capitalism is you have a choice. There are already ETFs that exclude SpaceX/Elon's company's for those who so desire.
See QQNE and SPNE.