Cory Doctorow on Nostr: Or think of #Worldcom vs #Enron. Both bubbles were built on pure fraud, but Enron's ...
Or think of #Worldcom vs #Enron. Both bubbles were built on pure fraud, but Enron's fraud left nothing behind but a string of suspicious deaths. By contrast Worldcom's fraud was a Big Store con that required laying a ton of fiber that is still in the ground to this day, and is being bought and used at pennies on the dollar.
5/
Published at
2023-12-19 16:06:45Event JSON
{
"id": "8f902fd7c3e4d1df54a907b217aec3e43cc982ddd01a241131520a5aefdef0f0",
"pubkey": "21856daf84c2e4e505290eb25e3083b0545b8c03ea97b89831117cff09fadf0d",
"created_at": 1703002005,
"kind": 1,
"tags": [
[
"e",
"8244ed7492a4a92706f8f5bb9bd5227603e0147725631a57d0163bf3ddefd22f",
"wss://relay.mostr.pub",
"reply"
],
[
"t",
"worldcom"
],
[
"t",
"enron"
],
[
"content-warning",
"Long thread/5"
],
[
"proxy",
"https://mamot.fr/users/pluralistic/statuses/111607939426575322",
"activitypub"
]
],
"content": "Or think of #Worldcom vs #Enron. Both bubbles were built on pure fraud, but Enron's fraud left nothing behind but a string of suspicious deaths. By contrast Worldcom's fraud was a Big Store con that required laying a ton of fiber that is still in the ground to this day, and is being bought and used at pennies on the dollar.\n\n5/",
"sig": "78dedf190d085d5a23cd1b79d89ec67dd4a9cb5ba491be474f1bbbd82dfc8e52a4f440fcb53cffb35ce048ff5a0b8f2be317da7a103b30792f4b35f223173974"
}
