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bplatta

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Trying to make things that are useful to humans. Product / Design / Software Engineering

https://www.linkedin.com/in/benplatta/

ben.platta@fruitfuliolabs.com

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Ok, cabal is a strong word and the election stealing/truth hiding is certainly off the rails in my opinion as well.

But here's some perhaps interesting information on top 5 shareholders of largest US banks [1]:

JP Morgan Chase: Blackrock 6.4 Vanguard 4.7 State Street 4.5 Blackrock 2.7 Blackrock 2.5

Bank of America: Berkshire 6.9 Blackrock 5.3 Vanguard 4.5 state street 4.3 Fidelity 2.1

Citigroup: Blackrock 6.1 Vanguard 4.5 State Street 4.2 Fidelity 3.6 Capital world Inv 2.4

Wells Fargo: Berkshire 8.8 Blackrock 5.4 Vanguard 4.5 State street 4.0 Fidelity 3.5

US Bank: Blackrock 7.4 Vanguard 4.5 Fidelity 4.4 State Street 4.4 Berkshire 4.3

So although yes this does go off the rails a bit, not unreasonable to question the (possibly perverse) incentives banks face given their ownership. Book by Eric Posner and Glen Weyl called Radical Markets explores those incentives a bit.

[1] Jose Azar et. al. Ultimate ownership and Bank competition https://papers.ssrn.com/sol3/papers/cfm?abstract_id=2710252

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edit: And we're offering expanded free licenses during the pandemic, https://www.cohesive.net/blog/helping-business-teams-stay-co...

Pimes.com | 3rd Software Engineer / Frontend Expert | Bogotá, Colombia | Full-time | Onsite/Remote | jobs@pimes.com

Mission-Driven, For-Profit, Online Lender to Small and Medium Sized Businesses in Developing Markets.

Pimes (formerly Include Capital) accelerates the success of profitable small businesses led by motivated, capable and ethical entrepreneurs in select developing markets by providing access to innovative and comprehensive debt financing. At the same time, we offer our investors market returns and access to a new asset class. But we have our sights set on much more than lending in developing markets!

Our engineering team aims to be humble (i.e. no jerks) and disciplined, considering ideas, testing them (sometimes in production), and moving fast. As the third engineer you'll be expected to do it all: architecture, data modeling, frontend, product and UI design, even deploy ML models.

Our Stack: AWS, Lambda, Django, Python, Java, frontend is custom design with jquery (considering React for some apps), Docker, Fabric, Terraform, Packer, Postgres, CircleCI, DynamoDB, CI/CD, Segment IO for data pipeline.

We are not considering any remote workers outside of North or South America currently.

jobs@pimes.com

Pimes.com | 3rd Software Engineer | Bogotá | Remote/Onsite

jobs@pimes.com

Mission-Driven, For-Profit, Online Lender to Small and Medium Sized Businesses in Developing Markets.

Pimes (formerly Include Capital) accelerates the success of profitable small businesses led by motivated, capable and ethical entrepreneurs in select developing markets by providing access to innovative and comprehensive debt financing. At the same time, we offer our investors market returns and access to a new asset class. But we have our sights set on much more than lending in developing markets!

Our engineering team aims to be humble (i.e. no jerks) and disciplined, considering ideas, testing them (sometimes in production), and moving fast. As the third engineer you'll be expected to do it all: architecture, data modeling, frontend, product and UI design, even deploy ML models.

Our Stack: AWS, Lambda, Django, Python, Java, frontend is custom design with jquery (dont worry, its clean, considering React for some apps), Docker, Fabric, CircleCI, DynamoDB, CI/CD, Segment IO for data pipeline.

jobs@pimes.com

on the article: I like to wrap up these sorts of treatments into my own simplified cultural causal models, if you will (hopefully my syntax is intuitive).

Invention of telegraph := ~immediacy of information, minimal context -> incredible boon for society! Essentially the beginning of modern technology, dare i say. The ability to CREATE networks as technology! ooo the power of (high bandwidth) networks!

Invention of Television := immediacy of visual information, lots more context, modern entertainment -> oh the theories abound for what this caused. I like to consider televisions pacifying effect on modern society. This subtle lie about what it claims to be: a window in a room. Oh but of course we know much of it is fictitious! But do we? All the more confusing with "reality TV" and, as discussed here, modern news-tainment.

Just some of my thoughts!

meta, on this comment section: I'm a little surprised this article is getting so easily dismissed. Its simply an attempted synthesis and application of media/normative/critical theorists' work. That is, this is philosophical at heart and I appreciate the author's attempt (it brings to mind David Foster Wallace's constant questioning of entertainment and the effect of entertainment's reflexivity). I think many hackernews readers (like myself) are scientifically minded and so this sort of thesis, i.e. not empirically verifiable, can lack the thrust that we want. But that said, I think it provides a valuable ontology for thinking about modern society and provokes some questions that actually may inform my behavior.

Much more difficult to parse out the noise with these types of articles, I grant you.

(Edit: grammar/spacing)

The board's statement of opposition pretty cleanly argues against this type of equity overhaul.

That said, I do appreciate the spirit of the proposal. Specifically, how do users that are contributing to the value of the network somehow extract some of that value in real terms? Of course, there's a lot of complexity to that sort of system and the cost of implementing it substantial. But whereas some people are working on architecting that sort of system from the outset as more a technical feat, this tact would get legal momentum that would almost guarantee some sort solution, be it good, bad or more likely, somewhere in between.

Seem to be 2 camps here: 1. dismiss this as a tenuous connection which stems mainly from the fact that Lobbying firms have many big clients 2. grant this connection deserves some attention and perhaps some explanation

For me, I think the author has some thoughts that are bleeding through . But I don't think its necessarily fair to judge an article mainly on its author's history (though an undeniable factor).

While granting this is the nature of a lobby firm, it does seem odd they would agree to representing Sberbank. We're talking John Podesta (Clinton campaign chairman) -> Tony Podesta (CEO Podesta Group) -> Sberbank (Podesta Group client). Is the latter connection really not cause for suspicion?